Suppose a Local Hardware Store Has Explicit Costs of $2

Multiple Choice

Suppose a local hardware store has explicit costs of $2 million per year and implicit costs of $44,000 per year.If the store earned an economic profit of $50,000 last year,this means that the store's accounting profit equaled:

A) $94,000.
B) $6,000.
C) $2.05 million.
D) $2.044 million.