How does the Trade Cost Calculator work?
Free Trade Cost Calculator - Calculates the saved hours under the electrician/carpenter model of specializing in jobs as well as opportunity cost.
This calculator has 4 inputs.
What 1 formula is used for the Trade Cost Calculator?
Combined Rate = Rate 1/Rate 2
What 4 concepts are covered in the Trade Cost Calculator?
- opportunity cost
- the loss of potential gain from other alternatives when one alternative is chosen.
- time
- a point of time as measured in hours and minutes past midnight or noon
- trade
- a study of the structure of international financial interactions
- trade cost
- all the costs that the trader/investor incurs when transacting on the market, and which are deducted from the sum of money they spend when transacting