Prior to attending college,Marvin is offered a lucrative four-year contract as an actor in a daytime soap opera.Assuming that acting and attending college are Marvin's preferred alternatives and that he must choose between the two,his opportunity cost of attending college after receiving the offer ________________,making him ____________ likely to attend college than before he received the offer.

Question

Quizplus · Accepted Answer

The opportunity cost of attending college after receiving the offer increases because Marvin will be giving up the potential income from the lucrative four-year contract. Therefore, he is less likely to attend college than before he received the offer.

Prior to Attending College,Marvin Is Offered a Lucrative Four-Year Contract