Cryptocurrency Q&A
How to work out opportunity cost?
How to work out opportunity cost?
MoonlitCharm
Tue Jan 14 2025
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7 answers
1421
I'm trying to understand how to calculate opportunity cost. I want to know the potential benefits I'm giving up when choosing one option over another. How can I determine this?
7 answers
CryptoLodestar
Thu Jan 16 2025
Opportunity cost is a concept that reflects the potential returns forgone by choosing one option over another.
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AzureWave
Thu Jan 16 2025
Specifically, it is calculated as the difference between the return on the next best option and the return on the option that is ultimately chosen.
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amelia_jackson_environmentalist
Thu Jan 16 2025
While the definition may seem straightforward, the process of determining opportunity cost is anything but simple.
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TaegeukChampion
Thu Jan 16 2025
It requires a thorough understanding of the potential outcomes associated with each available option.
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Maria
Wed Jan 15 2025
Furthermore, it necessitates the ability to accurately predict or estimate these outcomes.
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