What Is Opportunity Cost And How to Calculate It? | Lifehack

In our modern world, there are endless alternatives. Therefore, it’s difficult to choose an opportunity that is right for you. Have you ever found yourself wondering whether you should quit or stay in your job, accept an offer or give it up for another, or purchase or survive without? Do you know the cost or opportunity you can gain when you choose one from another other?

There is a simple and practical method that solves this problem. It’s about finding out the opportunity cost. When you understand opportunity cost, you have the power to measure every alternative with precision and make the right decisions.

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