Felix, who has no skills, no job experience, and no alternative employment, offers a lawn mowing service. Use the question facts to calculate Felix's opportunity cost of production and his economic profit. Question Facts 1. Other lawn mowing operators earn $9,000 a year. 2. Felix pays $1,500 a year to rent a lawn mower. 3. His total revenue is $18,000 a year. 4. He spent $1,000 to buy additional gardening equipment and took a loan for a year at an interest of 20 percent a year. 5. At the end of the year, Felix was offered $700 for his business and its equipment. Felix's opportunity cost of production is $ 2700