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Subject: opportunity costs calculation
Message:
well in terms of "COST VALUE" of opportunity cost, below is the formula, which i have found on one of the website...

Opportunity Cost = Return of Most Lucrative Option - Return of Chosen Option (source: http://www.investopedia....ms/o/opportunitycost.asp)

Hence, in your case(as per your perspective) most valued option is going out with the friend

Therefore below will be the opportunity cost for chosen appropriate options

1.Going out with friend : 0 (Best - selected = 60-60)
2. Washing car : 40 (Best - selected = 60-20)
3. Going to beach : 20 (Best - selected = 60-40)

0 Opportunity cost states that you have chosen best option..

PS: i could not understand inpods formula and that's why had to hunt on google for ans
not sure whether formula is correct or what
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