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Class 11Home ScienceWork, Livelihood and CareerTraditional occupations in India - Indian cuisineExpertLevel 13

What is a correct example of opportunity cost in an Indian food enterprise?

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Answer and explanation

Correct answer: Being unable to serve regular tiffin customers due to a large catering order

Opportunity cost is the benefit forgone by choosing another option. Exam tip: observe forgone opportunities in decisions.

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home-scienceopportunity-costcateringtiffin-service

Frequently asked questions

What is the correct answer to this question?

Being unable to serve regular tiffin customers due to a large catering order

Why is this the correct answer?

Opportunity cost is the benefit forgone by choosing another option. Exam tip: observe forgone opportunities in decisions.

Which subject and chapter does this question cover?

This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Traditional occupations in India - Indian cuisine.

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