Register
Why do you have to include the opportunity cost of your time when you calculate your profits in your own business
232k views
2 votes
Why do you have to include the opportunity cost of your time when you calculate your profits in your own business

User Vernonk
by
7.7k points

1 Answer

6 votes
Because opportunity cost is the value of something else you might have done with that time or money that you expended there.
hope this helps!
User Iamtoc
by
7.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.8m questions

11.4m answers

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
What is the best way to describe a stock market?
Link Copied!