Questions

English author Amitav Ghosh has been honoured with 54th Jnanpith Award for 2018 for his outstanding contribution towards literature.

The government of Chhattisgarh decided to name Naya Raiur, the ucoming capital city of Chhattisgarh, as Atal Nagar in memory of Ex Prime Minister Atal Bihari Vajpayee.

Opportunity cost is the cost of other alternative choices for making your interested choice of work. Oppurtunity cost is also called as alternative cost.

For example on a holiday, you have two choices to do, either you can go to movie or a function. And if you chose to go to moavie, the oppurtunity cost of going to movie is the value that would have gotten if you had gone to function.

The law of increasing opportunity costs states that as you increase production of one good, the opportunity cost to produce an additional good will increase.