College football attendance, especially student attendance, has been on the decline. In 2016, home attendance at major

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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. How does your opportunity cost of attending a game compare with the opportunity cost facing a college student 15 years ago? Can this change account for the decline in college football attendance? Briefly explain.

Opportunity Cost
Opportunity cost is the profit lost when one alternative is selected over another. The Opportunity Cost refers to the expected returns from the second best alternative use of resources that are foregone due to the scarcity of resources such as land,...
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Economics

ISBN: 978-0134738321

7th edition

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

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