Given: Sales of $14 million;implicit costs of $3 million;and explicit costs of $12 million.Find (a)accounting profit;and (b)economic profit.

Name: Given: Sales of $14 million;implicit costs of $3 million;and explicit costs of $12 million.Find (a)accounting profit;and (b)economic profit.
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The Answer of Given: Sales of $14 million;implicit costs of $3 million;and explicit costs of $12 million.Find (a)accounting profit;and (b)economic profit.

Given: Sales of $14 Million;implicit Costs of $3 Million;and Explicit