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Question
which one of these expenses most likely represents a variable cost in someones budget?
rent
student loan payment
car insurance premium
electricity bill
question 9 3 pts
now that sanjana is done with college, she is trying to decide whether or not she should buy a new laptop for herself. she has made a preliminary list of questions she can ask herself to determine if the new laptop is a need or a want. which of the following questions would you eliminate from this list?
what model laptop is trendy right now with people my age?
can i afford this laptop right now?
is this the right time to buy this laptop or will it likely be on sale later?
how am i going to pay for this laptop? if i have to charge it or take out a loan, can i afford the monthly payments?
- For the first question, a variable cost changes based on usage or activity. Rent, student - loan payments, and car - insurance premiums are typically fixed amounts. Electricity bills vary depending on electricity consumption, so they are variable costs.
- For the second question, determining if a laptop is a need or a want should focus on practical and financial aspects. The question about the trendy model is more related to personal preference and fashion rather than need - vs - want determination.
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Question 1: Electricity bill
Question 2: What model laptop is trendy right now with people my age?