Rodriguez operates a variety store that provides an annual revenue of $480,000. Each year, he pays $32,000 in rent for the store, $12,000 in business taxes, and $360,000 on products to sell. He estimates he could put the $80,000 he has invested in the store into his friend's restaurant business instead and earn an annual 20% profit on his funds. He also estimates that he and his family could earn a total annual wage of $90,000 if they worked somewhere other than the store. Include a minus sign (-) in front of any negative values entered as a

solution below.

a. The total explicit costs of running the store are $

The total implicit costs of running the store are $

].

].

b. The accounting profit of the variety store is $

The economic profit of the variety store is $

.c. Rodriguez (Click to select). consider closing down this business because he is making a

(Click to select)