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?

Opportunity cost is the value of the next-best alternative you give up when you make a choice. Emma should ask what she will have to sacrifice by spending her budget on the laptop. Asking whether she can use credit or needs the laptop may help with her decision, but those questions do not directly identify the opportunity cost.

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