Question

College football attendance, especially student attendance, has been on the decline. In 2016, home attendance at major college football games declined for the sixth consecutive year and was the lowest since 2000. The opportunity cost of engaging in an activity is the value of the best alternative that must be given up to engage in that activity. Source: Jon Solomon, "College Football Attendance in 2016: Crowds Decline for Sixth Straight Year," cbssports.com, December 16, 2016 Your opportunity cost of attending a game compared with the opportunity cost facing a college student 10 years ago is
A. lower, because of social media.
B. higher, because more games are televised today.
C. lower, because games are usually viewed on high-definition television today.
D. higher, because the cost of cable TV is higher today.

Answer 1

Answer:

B) higher, because more games are televised today.

Explanation:

Opportunity costs are the cost of choosing one alternative from another.

In this case, when college students attend college football games they are unable to do other activities while they are at the stadium or going to the stadium. The cost of those alternatives that are lost are higher now because many college football games are televised. So a student is now able to watch the game while doing other activities.