Suppose a firm is able to sell their product for a price of $5. You have the following information on the firm's output and cost. Output 700 Implicit Costs $80 Explicit Costs $300 Instructions: For both questions, enter amounts as a whole number. If the firm is earning a loss indicate with a negative sign (-). Question 1: What is the firm's accounting profit? $ Question 2: What is the firm's economic profit? $