themselves 3. ALTERNATIVE MEASURES OF PROFIT Calculate the accounting profit or loss as well as the economic profit or loss in each of the following situations: a. A firm with total revenues of $150 million, explicit costs of $90 million, and implicit costs of $40 million b. A firm with total revenues of $125 million, explicit costs of $100 million, and implicit costs of $30 million c. A firm with total revenues of $100 million, explicit costs of $90 million, and implicit costs of $20 million d. A firm with total revenues of $250,000, explicit costs of $275,000, and implicit costs of $50,000 Why is it reasonable to