Answer to Question #133956 in Economics for Elisa

Question

Halfway through the semester, due to some event in your life, you realize the "opportunity cost" of attending college has increases, are you more likely or less likely to continue attending college?

Answer 1

As the oppotunity cost of attending the college has increased, I will be less likely to continue attending the college. This means that some aternative potential economic benefits exceed the benefits of attending the college.