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| PG IY) A firm is earning positive accounting profits of $1,000 and negative economic profits of $2,000. Therefore, the firm's (2 points) (:) explicit

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| PG IY) A firm is earning positive accounting profits of $1,000 and negative economic profits of $2,000. Therefore, the firm's (2 points) (:) explicit costs must be $2,000 O implicit costs must be $2,000 explicit costs must be $3,000 implicit costs must be $3,000 profits must be normal (PN GEX Y o) A firm is earning an accounting profit of $5,000. Its implicit costs are $3,000, explicit costs are $8,000, and its economic profit is $2,000. What must its total revenue be? (2 points) $7,000 $10,000 $13,000 k)] Indeterminate

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