A rookie quarterback is negotiating his first NFL contract. His opportunity cost is 7%. He has been

Question:

A rookie quarterback is negotiating his first NFL contract.
His is 7%. He has been offered three possible 4-year contracts. Payments are guaranteed, and they would be made at the end of each year. Terms of each contract are as follows: 3 4 + $3,000,000 Contract 1 Contract 2 Contract 3 $3,000,000 $3,000,000 $3,000,000 $2,000,000 $3,000,000 $4,500,000 $5,5

3 4 + $3,000,000 Contract 1 Contract 2 Contract 3 $3,000,000 $3,000,000 $3,000,000 $2,000,000 $3,000,000 $4,500,000 $5,5

As his adviser, which contract would you recommend that he accept? 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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