Question: I need the solution and graph using concept of opportunity cost and budget constraint. Make a wise decision using the concept of opportunity costs and

I need the solution and graph using concept of opportunity cost and budget constraint.

Make a wise decision using the concept of opportunity costs and budget constraint. Show your solution and graph. Use yellow paper for your answer. 1. Stephanie who is planning a cruise to the Caribbean and has a budget for new evening wear of $500. The average price for a pair of shoes is $50 while the average price for an evening dress is $100. She found 6 pairs of shoes and 2 dresses she likes. She decides that she does need one more dress. What is the opportunity cost of buying a 3rd dress? a. 1 pair of shoes needed to sacrifice to buy the 3d dress. 2 pairs of shoes needed to sacrifice to buy the 3"d dress. C. 3 pairs of shoes needed to sacrifice to buy the 3"d dress
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