When a financial decision is being made, the more choices you
have will help determine the best opportunity. To calculate the
opportunity cost, compare each opportunity based on a similar unit
of measurement. This can be cash, weight, or products. Evaluate
cost by hour, day, week, or year for each option. Evaluate each
opportunity by what would be gained if you chose an alternative
opportunity. Add up the costs associated with each opportunity.
Make your choice based on which opportunity cost is higher.