Suppose That a Business Incurred Implicit Costs of $500,000 and Explicit

Suppose that a business incurred implicit costs of $500,000 and explicit costs of $5 million in a specific year. If the firm sold 100,000 units of its output at $50 per unit, its accounting

A) profits were $100,000 and its economic profits were $0.
B) losses were $500,000 and its economic losses were $0.
C) profits were $500,000 and its economic profits were $1,000,000.
D) profits were $0 and its economic losses were $500,000.