Vincent quit his $180,000-a-year job as an investment analyst to move to Tahiti and paint sunsets and other natural vistas. The gallery that displays and sells his paintings provides all of the canvas, paint, and other supplies he needs without charge. If Vincent produces 12 paintings per year, how much must he get for one on average in order to yield an economic profit of zero?

Question

Quizplus · Accepted Answer

The Answer of Vincent quit his $180,000-a-year job as an investment analyst to move to Tahiti and paint sunsets and other natural vistas. The gallery that displays and sells his paintings provides all of the canvas, paint, and other supplies he needs without charge. If Vincent produces 12 paintings per year, how much must he get for one on average in order to yield an economic profit of zero?

Vincent Quit His $180,000-A-Year Job as an Investment Analyst to Move