Given: Sales of $10 million;implicit costs of $2 million;and explicit costs of $5 million.Find (a)accounting profit; (b)economic profit.

Name: Given: Sales of $10 million;implicit costs of $2 million;and explicit costs of $5 million.Find (a)accounting profit; (b)economic profit.
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The Answer of Given: Sales of $10 million;implicit costs of $2 million;and explicit costs of $5 million.Find (a)accounting profit; (b)economic profit.

Given: Sales of $10 Million;implicit Costs of $2 Million;and Explicit