In 2019 Toni taught music and earned $45,000. Question Facts On January 1, 2020, she quit teaching and started a catering business. 1. Toni stopped renting out her basement for Use the question facts to calculate Toni's opportunity cost of production and $6,000 a year and used it as her business office economic profit in the first year. instead. . . . ." 2. She paid $3,000 for the lease of a delivery van Toni's opportunity cost of production in 2020 is and $2,500 for radio and newspaper advertising. 3. She earned interest at 4 percent a year on her O A. $95,000 savings account balance. O B. $97,660 She took $4,000 from her savings account to buy a O C. $92, 160 professional stove. 4. At the end of 2020, Toni could have sold her O D. $9,500 professional stove for $3,000. Toni's economic profit in the first year is 5. She received a total revenue of $50,000 from her . .. . . catering business. O A. $ - 42, 160 6. Normal profit is $40,000 a year. O B. $ - 47,660 O C. $44,500 O D. $40,000