Calculate the accountingp

Calculate the accountingp

Calculate the accountingprofit or loss as well as the economic profit or loss in each of thefollowing situations:a. A firm with total revenues of $150 million, explicit costs of$90 million, and implicit costs of $40 millionb. A firm with total revenues of $125 million, explicit costs of$100 million, and implicit costs of $30 millionc. A firm with total revenues of $100 million, explicit costs of$90 million, and implicit costs of $20 milliond. A firm with total revenues of $250,000, explicit costs of$275,000, and implicit costs of $50,000

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