8. Fred owns an office that he could rent out for $6,000 per year, but instead he uses it to maintain a website. He is the only employee of the company and rents all his computer equipment and office furnature for $10,000 per year. He also spends $500 per year on miscellaneous office supplies. The total revenue of the firm is $15,000. Which of the following statements are true? I. The firm is making negative accounting profit II. The firm is making negative economic profit Ill. The exact value of the economic profit cannot be determined from the data given. a) None of them are true h) Only" is true c) Only I and II is true d) Only II and III are true a\": All '3 n'F 'I'hnm are 'h'IID