Suppose that a business incurred implicit costs of $400,000 and explicit costs of $4 million in a specific yea r. If the rm sold 100,000 units of its output at $48 per unit, its accounting Multiple Choice 0 prots were $400,000 and its economic prots were $0. losses were $0 and its economic losses were $800,000. 0 prots were $400,000 and its economic prots were $800,000. prots were $800,000 and its economic prots were $400,000