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?\nwhat will i have to sacrifice if i buy this laptop?\ncan i use credit to buy this laptop?\ndo i need this laptop for my studies?\nis 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?\nwhat will i have to sacrifice if i buy this laptop?\ncan i use credit to buy this laptop?\ndo i need this laptop for my studies?\nis there a less costly alternative to buying this laptop?

Answer

Brief Explanations:

Opportunity cost is the value of the next - best alternative forgone. So, to determine the opportunity cost of buying a laptop, one should consider what is sacrificed.

Answer:

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