Your economic profit last year was

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Reference no: EM131805787

You've invested $10,000 in a portable bratwurst stand, giving up the 8% rate of return you could have earned had you invested that money elsewhere. Last year you sold 1600 brats at $3 each; the meat, buns, and condiments cost you $400.

If you'd spent your time working at your brother's ice cream shop instead of at your brat stand, he'd have paid you $3200. Your economic profit last year was ?

Reference no: EM131805787

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