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?

A) What will I have to sacrifice if I buy this laptop?
B) Can I use credit to buy this laptop?
C) Do I need this laptop for my studies?
D) Is there a less costly alternative to buying this laptop?

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27-02-2017
Business

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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?

A) What will I have to sacrifice if I buy this laptop?
B) Can I use credit to buy this laptop?
C) Do I need this laptop for my studies?
D) Is there a less costly alternative to buying this laptop?

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W0lf93 W0lf93 · Answer 1 · 2018-01-10T17:46:18+01:00

It is A. Financial Decisions is a thorough money related arranging and riches administration firm that helps high-total assets people and organizations accomplish their budgetary destinations. Budgetary choices likewise worry with a money-related administration which an individual or a family performs to the spending plan, spare, and invest fiscal assets over energy, considering different monetary dangers and future life occasions.

tanisha3020 tanisha3020 · Answer 2 · 2022-02-01T16:04:52+01:00

Opportunity cost, in the most basic terms, means the opportunity lost. The question that Emma should ask herself in determining the opportunity cost of purchasing the laptop would be option A: What will I have to sacrifice if I buy this laptop?

Concept of opportunity cost

The above answer is explained in further detail as given below:

Opportunity cost of buying the laptop would be all the things that she won’t be able to buy or the things she will have to sacrifice.

Emma has a budget and in order to stick to it she needs to determine what areas she will have to cut down expenses in, in case she does purchase the laptop.

Therefore, the correct answer is option A.

Learn more about opportunity cost here:

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