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6) Jessica is a young doctor who has just started her own practice. Her previous position paid her $80,000 a year. For ofce space, she

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6) Jessica is a young doctor who has just started her own practice. Her previous position paid her $80,000 a year. For ofce space, she uses a building which she owns and which she has rented in the past for $40,000 a year. Her total revenue from her new practice is $250,000. She pays $50,000 to other rms for materials and supplies, and she pays $40,000 in wages to her ofce nurse. Assume that Jessica's building and equipment do not depreciate and that her normal prot is $20,000. a) What is the opportunity cost of all factors of production employed by Jessica? (5 marks) b) What is J essica's economic prot

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