How can I expand on these two points ???? Did I correctly answer ?

I text Times New... 11 + B U = E 1 1 1 13 1 1 14 | 1 1 1 5 1 1 1 1 1 1 6 ECON110 Assignment #2 A2-1. If a Prof leaves their $100,000 per year job to start a business that earns annual revenue $400,000, and has annual labour and rental costs of $200,000, the economic profit of the business is $200,000. False. Labor and rental costs are explicit costs, and therefore, subtracting them from the revenue gives accounting profit, but not economic profit. Economic profit includes implicit costs. A2-2. A decrease in the wage rate will cause a firm's marginal cost curve to shift down. True. Shifting downwards signifies decrease in marginal cost as a result of lower wages