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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.
Wiki User
∙ 9y ago
Wiki User
∙ 8y agoCalculations of cost and benefit are based on personal preferences.
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Calculations of cost and benefit are based on personal preferences (apex)It is simply the cost is taken away from the benefits. However working out these are much harder as not choosing one option adds a cost to the other ones while not choosing one of the others effects every other option and so forth.calulation of cost and benefits are based on personal perferences
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Calculations of cost and benefit are based on personal preferences.
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An Outcome with benefits that are greater than the costs Apex(: <3 Brittany*
