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6 - Mr. Jackson recently gave up a job that paid ( $ 1,500 ) every two weeks to open up his own restaurant. He
6 - Mr. Jackson recently gave up a job that paid \\( \\$ 1,500 \\) every two weeks to open up his own restaurant. He works full time at the restaurant which had total revenue of \\( \\$ 95,000 \\) last year. His total (explicit) costs amounted to \\( \\$ 20,000 \\). He reckons his restaurant is now worth \\( \\$ 160 \\), 000 and if he were to sell it and invest the proceeds in a GIC, he would earn an additional 10 percent annually. What was Jackson's economic profit during the year
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