QUESTION 19 0.5 points Save Answer At 500 units of output, total cost is $35,000 and total variable cost is $22,000. What does total fixed cost equal at 500 units? $57,000 O $900 O $34 O $13,000 There is not enough information provided to answer this question. QUESTION 20 0.5 points Save Answer Suppose that a business incurred implicit costs of $400,000 and explicit costs of $3 million in a specific year. If the firm sold 100,000 units of its output at $40 per unit, its accounting: profits were $600,000 and its economic profits were $1,000,000. profits were $1,000,000 and its economic profits were $600,000. losses were $600,000 and its economic losses were zero. profits were $3,600,000 and its economic profits were $600,000