If working at the fast-food restaurant was Kyles next-best alternative, how much economic profit will Kyle earn

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If working at the fast-food restaurant was Kyle’s next-best alternative, how much economic profit will Kyle earn from painting? Kyle is a college student who works during the summer to pay for tuition. Last summer he worked at a fast-food restaurant and earned $2,500. This summer he is working as a painter and will earn $4,000. To do the painting job, Kyle had to spend $200 on supplies.

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Principles Of Microeconomics

ISBN: 9780393679199

3rd Edition

Authors: Dirk Mateer, Lee Coppock

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