karina owns a dress shop. Her total explicit and implicit costs are $600,00 per year, and her explicit fixed costs are $150,000 per year. Karina could otherwise earn $80,000 in her next best alternative line of business or employment. Each dress sells for $300. This year, karina sold 2,000 dresses.

a. Calculate karina's average fixed costs.

b. Calculate karina;s, average variable costs of production.

c. Calculate karina's average total costs of production?

d. What is karina's economic profit?

e. What is karina's accounting profit?

f. Distinguish between explicit and implicit fixed costs.