Jane grows apples on land she inherited from her grandmother. She incurs explicit costs of $200 for the trees and $60 for fertilizers. In addition, suppose her land is otherwise worth $9,000 and her labor is worth
$20,000 (this is the amount she could earn managing someone else's land instead of her own). The market price of apples is $36 per box. If at this price Jane produces 1,500 boxes of apple then her economic profit is
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