2. A competitive firm faces the following market price: p=400. Production costs are $12000 if the firm does not produce anything. If the firm does produce a quantity Q, production costs C(Q) are equal to 2Q^2. Hint - the derivate of 2Q^2 with respect to Q is 40. a. What are the sunk costs, the fixed (but not sunk) costs, and the variable costs for this firm? b. Calculate economic profits. c. Calculate accounting profits