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Devlin is a computer programmer who earned $45,090 in 2019 But on January 1, 2020 he Question Facts opened a custom woodworking business At the end of 2020, Devin submitted the Information on the right to his accountant. 1. Devlin stopped renting out his cottage for $3,000 a year and used it as his woodworking shop. Use the question facts to calculate Devin's opportunity cost of production and economic profit. 2 The market value of the cottage increased from $04,000 to $101,000 3. He spent $15,000 on materials, phone, utilities, etc 4 He leased machines for $8 000 a year, Devin's opportunity cost of production is 5. He paid $15,000 in wages. Q A $44,000 6. He used $20 000 from his savings account, which earns 2 percent a year interest. O B. $98,000 7. He borrowed $60,000 at 10 percent a year from the O G. $65,400 Bank B. He sold $140.000 worth of furniture O D. $110.400 Normal profit is $25,000 a year. Devlin's economic profit in O A 596,000 O B. $29,600 O C $25,000 D. $73,600