Question: 14 of 30 Status: User: Betty Freeman Time Value Tables 58 minutes 18 seconds During the previous year, a firm produced 200,000 pogo sticks and sold them all for $10 each. The explicit costs of production were $700,000, and the implicit costs of production were $200,000. The firm had O A. Arf accounting profit of $1.3 million and an economic profit of $1.5 million. O B. An accounting profit of S1.3 million and an economic profit of S 1.3 million O C. An accounting profit of $1.1 million and an economic profit of so O D. An accounting profit of $1.3 million and an economic profit of $1.1 million