Calculate Kendrick$$s explicit costs. Show your work.

$2.$ Calculate Kendrick$$s implicit costs. Show your work.

$3.$ What is Kendrick$$s accounting profit? Show your work.

$4.$ What is Kendrick$$s economic profit? Show your work.

$5.$ Based on this information, what would an economist most likely suggest that Kendrick do$?$ Explain.

$6.$ Suppose instead that Kendrick$$s revenue was $$800,000$

$,$ w$$

hat would an economist most likely suggest

that he do$?$ Explain.