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March 18th, 2009, 12:17
Originally Posted by Crashu View Post
The opportunity cost, but what about cost of doing something less preferable as your work? It seems like a slave mentality for me, you can't do what you like without feeling like you are loosing money. How do you factor preference in what you are doing for living into salary? I find it more important, and more life changing then extra money.
Opportunity cost is the biggest amount of money you could make by doing something else.
Preference can be included by attaching a monetary value to the "fun" doing something you like. Then you can compare it to the opportunity cost.
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