QUESTION 3 Morgana is currently working as an investigative journalist earning a wage of $40,000/year in Sydney and pays no rent as she lives with her parents. She is deciding whether or not to take up a position offered to her by the Queensland Prison Service. She would earn $56,000/year as a prison officer, but would have to live in Brisbane and pay rent of $10,000/year. Select the item from the list provided to make the following statements true. 12.~ Morgana's__ is $40,000/year in deciding to join the 1. accounting profit Queensland Prison Service. 2. -$2,000/year 4. ~ Morgana eamns alan of 6000/year by becoming a Prison 3 total cost Officer. 4. economic profit 10. v Morgana's accounting profit by choosing to become a Prison Officer 5. economic loss would be . ' . 6. normal profit 7. $16,000/year 8. $66,000/year 9. explicit cost 10.$46,000/year 11.$50,000/year 12.implicit cost