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sheilamturner
 3 years ago
How to calculate the opportunity cost?
sheilamturner
 3 years ago
How to calculate the opportunity cost?

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order
 3 years ago
Best ResponseYou've already chosen the best response.0Opportunity cost is the second best alternative we forego when making a choice. If you have 2 options, with a worth on each, e.g. Chicken = 2 Fish = 4 and you forego chicken, you divide 4 by 2 = 2 ... however, if there is no value on such items, then you cannot calculate it. Look more at comparative advantage.

Jeniled
 3 years ago
Best ResponseYou've already chosen the best response.0http://new.ipfw.edu/dotAsset/142427.pdf Hope this site helps you
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