Suppose a Firm Incurred Explicit Costs of $900 and Implicit

Multiple Choice

Suppose a firm incurred explicit costs of $900 and implicit costs of $200 during a day.If that day the firm sold 8 units at $300 per unit its accounting profits are:

A) $1,500 and its economic profits are $1,700
B) $1,500 and its economic profits are $1,300
C) $1,300 and its economic profits are $1,700
D) $1,300 and its economic profits are $1,300