Suppose Your Local Lowe's Home Improvement Store Has Explicit Financial

Multiple Choice

Suppose your local Lowe's home improvement store has explicit financial costs of $3 million per year and implicit opportunity costs of $74,000 per year. If the store earned an economic profit of $22,000 last year, the store's accounting profit was:

A) $96,000.
B) -$52,000.
C) $3.022 million.
D) $3.074 million.