Opportunity Cost Calculator
Calculate opportunity cost: profit you give up by choosing one option over the next-best alternative.
Use the Opportunity Cost Calculator
Enter profit of the option you chose and profit of the next-best alternative. Opportunity cost is calculated.
Inputs
Profit from chosen option vs next-best alternative.
Results
Opportunity cost
$2,000
Opportunity cost = Profit of alternative − Profit of chosen. What you give up by not choosing the alternative.
How this calculator works
Opportunity cost = Profit of alternative − Profit of chosen. Enter both profit figures in dollars.
How to interpret your results
Positive opportunity cost means you gave up that much profit by not choosing the alternative.
FAQs
What is opportunity cost?▾
The profit you give up by not choosing the next-best alternative. Opportunity cost = Profit of alternative − Profit of chosen.
Which inputs do I need?▾
Profit from the option you chose and profit from the best alternative you did not choose.
When would I use this?▾
To quantify the cost of a decision in terms of forgone benefit.
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