emma is trying to decide whether to buy a new laptop. as a student, she has a budget and wants to make sure…

emma is trying to decide whether to buy a new laptop. as a student, she has a budget and wants to make sure this is the right financial decision. which question should she ask herself in determining the opportunity cost of this purchase?\no what will i have to sacrifice if i buy this laptop?\no can i use credit to buy this laptop?\no do i need this laptop for my studies?\no is there a less costly alternative to buying this laptop?

emma is trying to decide whether to buy a new laptop. as a student, she has a budget and wants to make sure this is the right financial decision. which question should she ask herself in determining the opportunity cost of this purchase?\no what will i have to sacrifice if i buy this laptop?\no can i use credit to buy this laptop?\no do i need this laptop for my studies?\no is there a less costly alternative to buying this laptop?

Answer

Brief Explanations:

Opportunity cost is the value of the next - best alternative forgone. To determine the opportunity cost of buying a laptop, Emma needs to consider what she will have to sacrifice. The other questions are about credit usage, necessity for studies, and cost - effectiveness, but not directly about opportunity cost.

Answer:

What will I have to sacrifice if I buy this laptop?