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 Payne spends $35,000 per year on painting supplies and storage space

Economics

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 Payne spends $35,000 per year on painting supplies and storage space. She recently received two job offers from a famous marketing firm — one offer was for $90,000 per year, and the other was for $110,000. However, she turned both jobs down to continue a painting career. If Payne sells 25 paintings per year at a price of $9,000 each: a. What is her accounting profit? 
b. What is her economic profit? c. What is the opportunity cost of her painting career?