Opportunity Cost Calculator
Originally published: 02/04/2019 07:46
Last version published: 16/12/2019 07:06
Publication number: ELQ-91380-2
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Opportunity Cost Calculator

This Opportunity Cost Calculator tool was designed to for the article The Opportunity Cost of a Cup of Coffee.

Description
This Opportunity Cost Calculator tool was designed to for the article The Opportunity Cost of a Cup of Coffee. It is used to determine the Opportunity Cost for any frequent, discretionary purchase. With a few simple inputs you’ll receive “The Opportunity Cost of ‘Your Thing’ ” We included an example to assist you with any questions on its use.

This tool came to be while writing a letter to our youngest daughter.

We had just finished an errand to fix her car. What a good feeling to check off one of our weekend to dos. A friend recently told her about a new coffee trailer nearby. We drove over to check it out. The parking lot with the trailer had a number of other “food carts” in it. They work like this. You park your car, walk up to order at one of the trailers and then your order will be delivered to your car. This order and delivery system combines Portland’s food cart chic with drive-in like service.

Michelle walked to the coffee trailer to order while I stayed in the car listening to music and relaxing. 35 minutes later (Michelle claims it was only 25) she walked back to the car. She is empty handed - her drink will be delivered to the car when its ready. 10 minutes later (Michelle claims it was only a few minutes), her $4.00 drink arrives. Oops, it was $ 5.00 with tip.

She was happy. I, was appalled. As a parent, I now had the urge to teach.

If you have any questions or stumble along the way please reach out to us at CFO.University. You wouldn’t be here if you didn’t believe professional growth was critical to your success. We wouldn’t be here if we couldn’t help you accomplish that.

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