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alkagairola

  • 2 years ago

what is the formula for opportunity cost

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  1. NicholasY
    • 2 years ago
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    Opportunity 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.

  2. jimmothykhon
    • 2 years ago
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    The formula to get the opportunity cost is basically what you gave up over what you gained.

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