The higher the opportunity cost of attending college, the more economics classes a. an individual will take at college. b. the more likely an individual will go to college. c. the less likely an individual will go to college. d. the fewer economics classes an individual will take at college.

Question

Preston Dalton

Social Studies

27 February, 08:53

The higher the opportunity cost of attending college, the more economics classes a. an individual will take at college. b. the more likely an individual will go to college. c. the less likely an individual will go to college. d. the fewer economics classes an individual will take at college.

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Answers (1)

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Karly Hernandez · Answer 1

The higher the opportunity cost of attending college, the more economics classes, the less likely an individual will go to college.

Explanation:

Opportunity Cost refers to the overall cost of all the individual alternatives, that are foregone, in order to take to a specific action. In simple terms, it is the cost of letting go of an alternative decision.

With regards to the given predicament, if the Opportunity Cost of attending college is high, it means that the alternatives available to an individual are costlier to forego and are hence, more attractive. Thus, the individual is less likely to go to college.