Question

how do i calculate opportunity cost

how do i calculate opportunity cost

Homework Answers

Answer #1

The question of opportunity cost arises when you have to choose between two or more options. When you choose one option, you miss out on what you would have gained had you chosen the other option. That is what you call opportunity cost.

For example, you have to choose between going to college and working after high school. If you go to college, your opportunity cost is the money you spend on college and the money you would have earned if you had worked after high school.

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