Every society faces trade-offs because we live in a world of scarcity. suppose a student-athlete has the opportunity to earn $1,000,000 next year playing for a minor league baseball team, $300,000 next year playing for a european professional football team, or $0 returning to college for another year. the opportunity cost of the student-athlete returning to college next year

The opportunity cost of the student-athlete returning to college next year is $1,000,000

Explanation:

Opportunity costs is the benefit that the student-athlete misses out  when choosing one alternative over another.

In this case,  the opportunity costs is playing for a minor league baseball team ($1,000,000) because is the higher offer between the alternatives.  

answer/// there is an inverse relationship between price and quantity demanded;

answerup to (3) three years;