Chrome File Edit View History Bookmarks Profiles Tab Window Help 45 6 Q 2 4 Mon Oct 18 1:08 PM . .. Google Translate X @ Calculating Accounting and Ecc X #B14 - Anna Gong - Outlook * *Course Hero X + > C A gastate.view.usg.edu/d21/le/content/2353624/viewContent/46146407/View Update : Apps & 6 Cambridge Free E... W/L UX*.. Data information monitors f Ads Manager save Riverwood Fashion.. Reading List Accounting and Economic Profit Page 1 of 1 Answer each of the following questions and don't forget to indicate the sign (positive or negative). Suppose that a firm produces 200 units a year and sells them all for $300 each. The explicit costs of production are $11,000 and the implicit costs of production are $16,000. How much is the firm's accounting profit? $ A seller earns $480,000 in total revenue. Their implicit costs of production are $335,000 and their explicit costs of production are $238,000. How much economic profit did they earn? $ Alexei is the owner of a financial consulting company. Last year, their total revenue was $80,000, their rent was $13,000, their labor costs were $11,000, and their overhead expenses were $24,000. Alexei could earn $17,000 per year working at another nearby financial consulting company. From this information, we know that their accounting profit was: $ Directions: Answer the questions above based on the information provided. Check Answers OCT 18 itv 4 VO W O