After graduation, you face a choice. One option is to work for a multinational consulting firm and earn a starting salary (benefits included) of $30,000. The other option is to use $4,000 in savings to start your ov consulting firm. You could earn an interest return of 5 percent on your savings. You choose to start your own consulting firm. At the end of the first year, you add up all of your expenses and revenues. Your tot includes $10,000 in rent, $900 in office supplies, $18,000 for office staff, and $5,000 in telephone expenses. Explicit costs include all costs for which direct payments are made: Rent ($10,000), office supplies ($900), staff salaries ($18,000), and telephone ($5,000) = $ Implicit costs include opportunity costs foregone wages ($30,000), and foregone interest payments ($4,000x 5%) = $ Suppose, that you have now operated your consulting firm for a year. At the end of the first year, your total revenues are $85,000 Your accounting profil is $ Your economic profit is $