Chrome File Edit View History Bookmarks Profiles Tab Window Help $ 59% : Tue 5:40 PM ... New Tab X N Home - Netflix Content X Take a Quiz/Test Course Hero X + + -> C D learn.senecacollege.ca/ultra/courses/_649404_1/cl/outline S ... Seneca Resource X Remaining Time: 1 hour, 28 minutes, 41 seconds. * Question Completion Status: how) A Moving to another question will save this response. > Question 22 10 points Save Answer 18 Gino is a computer programmer who earned $ 45,000 in 2019. But on January 1, 2020 he opened a landscaping business. At the end of 2020, Gino submitted the information listed below to his accountant. Use the question facts to calculate Gino's opportunity cost of production and economic profit. 1 . Gino stopped renting out his cottage for $ 3,500 a year and used it as his business premises. 2. The market value of the cottage increased from$ 92,000 to$ 98,000 . 3. He spent $ 30,000 on materials, phone, utilities, etc. 4. He leased machines for $ 15,000 a year. 5 . He paid $ 15,000 in wages. 6. He used $ 5,000 from his savings account, which earns 5 percent a year interest. X 7. He borrowed $ 20,000 at 10 percent a year from the bank. 8 He sold $ 240,000 worth of landscaping. Normal profit is $25,000a year. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt V EVEVALI ... Priv P O WORDS POWERED BY TINY Terr NOV 9 W P G