Use the following information concerning Joe's Boat Factory to answer questions 32-34. Joe runs a small boat factory. He can make ten boats per year. It costs Joe $200,000 for the raw materials (fiberglass, wood, paint, and so on) to build the ten boats. Joe has invested $500,000 in the factory and equipment needed to produce the boats which are now assets that he owns: $200,000 from his own savings where he was earning 5% interest and $300,000 borrowed at 10% interest. Joe can work at a competing boat factory for $80,000 per year. Hint: The funds invested in the factory and equipment ($500.000) are not treated as a cost here because they represent assets of the firm, there is however a cost associated with obtaining these funds. Question 32 2 pts In this example, Joe's explicit costs of production are $200,000 $230.000. $320,000 $500,000. O there is not enough information to answer this question.D Question 33 2 pts In this example, Joe's total opportunity costs of production are $230,000. $320,000 O $500,000 $700,000 O there is not enough information to answer this