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Dave currently works at a job that only pays him $ 1 7 thousand a year while he attends classes part - time to become
Dave currently works at a job that only pays him $ thousand a year while he attends classes parttime to become a barber. He is part of the way through the program and has spent $ thousand so far on tuition. He is thinking about quitting and going to school full time. If he did that, it would only take three months graduate and cost him $ thousand more in tuition. After that, he figures for the remaining nine months of the year he could earn revenue of $ thousand a month as a barber. His only expenses once he started working as a barber would be a one time cost of $ for some equipment and a monthly rental of $ for a chair in a barber shop. What is Dave's expected economic profit over the next twelve months if he follows through with this plan?
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