How to Calculate Opportunity Cost?

Answer

Opportunity cost is an economic term which is used to describe the costs and benefits of choosing one option over the next best choice. When you want to calculate the opportunity cost you need to specify each potential opinion. And when you are braining storming the costs and benefits of each option are clear and also you need to include al associated costs. Then you need to repeat the process for all the other options weighing the costs and benefits of each.
Q&A Related to "How to Calculate Opportunity Cost"
Calculating opportunity cost is not as simple as a math equation as some of the loss opportunities only have a social value, for example: You go away to college instead of going on
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1. Calculate the amount of money to be saved or made through each endeavor. For example, subtract the expenses incurred from the total income to be received, or the money that could
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finding the value of the best choice that is not chosen.
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Outline the value of each of your alternatives. Determine the value of the option
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Calculating opportunity cost is not as simple as a math equation as some of the loss opportunities only have a social value, for example: You go away to college ...
Calculating opportunity cost is not as simple as a math equation as some of the loss opportunities only have a social value, for example: You go away to college ...
Calculating opportunity cost is not as simple as a math equation as some of the loss opportunities only have a social value, for example: You go away to college ...
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