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Assignment 8 (Chapter 10) Submit Quiz Joe, who has no skills, no job experience, and no alternative employment, runs a shoeshine stand. Use the question facts to calculate Joe's opportunity cost of production and his economic prot. Question Facts Joe's opportunity cost of production is $ 10380 . Joe's economic prot is $-. Enter your answer in each of the answer boxes. 1. .N Other shoeshine stand operators that Joe knows earn $8,000 a year. Joe pays rent of $2,000 a year. His total revenue from shining shoes is $16,000 3 yeah He spent $800 on equipment and used his credit card to buy it. The interest on his credit card balance is 10 percent a year. At the end of the year. Joe was offered $300 for his business and all its equipment