Value what you give up by choosing one option over another.
Opportunity cost is the value of the best alternative you forgo, including costs beyond the sticker price. Every choice has a hidden cost in the alternatives not taken, which explicit comparison makes visible.
Opportunity Cost
Opportunity cost = next best option - value of chosen choice
Opportunity cost = next best option - value of chosen choice Opportunity cost is the value of the best alternative you forgo, including costs beyond the sticker price.
Every choice has a hidden cost in the alternatives not taken, which explicit comparison makes visible.
This calculator takes 3 inputs: Value of chosen option, Value of next best option, Hidden costs of choice. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.