Question

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

Answer 1

Answer:His opportunity cost of attending college increases making him less likely to attend colllege

Explanation:

Opportunity cost refers to how likely are you to dump or not choose that alternative in favour of the other best alternative when the two options are both your favourite.

Marvin likes both going to college and acting however now he has been presented with an acting opportunity which is very likely that he will choose.

Given going to college and waiting for years to get a job or taking up your an offered job of your favourite career which is going to come with all the beautiful rewards, it is very likely that someone will take the offered job.