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NicholasY
 one year ago
Best ResponseYou've already chosen the best response.1Opportunity cost is your most valuable alternative. For example; you could spend the day working for $10/hr for 8 hours, or doing $100 worth of yard work at your own home. If you decide to do the yard work, then the opportunity cost would be the $80 you would of made while working.

jimmothykhon
 one year ago
Best ResponseYou've already chosen the best response.0The formula to get the opportunity cost is basically what you gave up over what you gained.
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