Question: 6.Explain opportunity cost using the following examples. Make up whatever details seem appropriate. a.Ned buys new guitar that cost $800 b.Cersei is living on a

6.Explain opportunity cost using the following examples. Make up whatever details seem appropriate.

a.Ned buys new guitar that cost $800

b.Cersei is living on a fixed income and chooses to buy less food one week in orderto pay for her prescription medications.

c.Daenerys wants to sign up for the MW 9:35am ACC 203 Cost Accounting section at LCCC but unfortunately it is scheduled at the same time that Professor Plaksa's Macroeconomics course is being offered. Daenerys enrolls in Cost Accounting.

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