question 3?

Page 1 of 1 Answer each of the following questions and don't forget to indicate the sign (positive or negative) Suppose that a firm produces 1000 units a year and sells them all for $900 each. The explicit costs of production are $674,000 and the implicit costs of production are $639,000. How much is the firm's economic profit? $-413000 A seller earns $800,000 in total revenue. Their implicit costs of production are $515,000 and their explicit costs of production are $576,000. How much economic profit did they eam? $-291000 Conor is the owner of a nail salon. Last year, their total revenue was $800,000, their rent was $53,000, their labor costs were $65,000, and their overhead expenses were $160,000, Conor could earn $296,000 per year working at another nearby nail salon. From this information, we know that their accounting profit was: $