Explicit and Implicit Costs Exercise 2 (Algo) Barney decides to quit his job as a corporate accountant, which pays $18,000 a month, and goes into business for himself as a certified public accountant. He runs his business from his converted garage apartment, which he could rent out for $325 a month if he wasn't using it as a home office. He must purchase office supplies worth $80 a month, and his monthly electricity bill has increased by $30 now OK that he is working out of his home office. After six months of working from home, Barney has earned an average of $15,000 per month. Instructions: Enter your answers as a whole number. nces a. What are Barney's monthly explicit costs? $ b. What are Barney's monthly implicit costs? $ c. What are Barney's monthly economic costs? $