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Prior to attending college, Marvin is offered a lucrative four-year contract as an actor in a ...

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.

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increases; less

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decreases; more

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stays the same; equally likely

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increases; more

▸

decreases; less

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Economics

Edition: 12^th

Author: Arnold

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