EWOT #8 "Opportunity Cost in Real Life Scenario (10/30/2011)

A week ago. Me and a few friends bought a XBox 360 and controllers, and 5 games for 150 dollars. This is a quite an incredible deal considering that a new Xbox with one controller and NO games is $200 USD. How can economics explain why this guy would ever sell all of this for a such a low cost. 
Opportunity Cost


The seller had pruchuse a new, more advance, gamming system for wathever reason and had no use for the XBOX anyomore. So he figured he would sell it and make money. When we came to him and offered 150 usd he had two options. 

1. Keep the Xbox, which gives no benefit to him since he does not use it
2. He could sell the Xbox and make 150 usd.

So the opportunity cost of selling the Xbox was almost zero (the one cost was the chance for a better deal in the future, however he told us he was short on cash, and so needed money now). Whereas the opportunity cost of not selling was 150 usd.