Please answer with explanation

Tackle the Test: Free-Response Questions 2. Sunny owns and operates Sunny's Sno Cone Stand. Use the data in the table provided to answer the questions below. 1. Your firm is selling 10,000 units of output at a price of $10 per Sunny's Sno Cone Stand: January unit. Your firm's total explicit cost is $70,000. Your firm's Price of Sno Cone $2 implicit cost of capital is $10,000, and your opportunity cost Sno Cones sold 2,000 is $20,000. Explicit cost $400 a. Calculate total revenue. Depreciation $100 b. Calculate total implicit cost. Implicit cost of capital $200 c. Calculate your accounting profit. d. Calculate your economic profit. a. Calculate Sunny's Sno Cone Stand's total revenue for e. What does the value of your economic profit calculated in January. part d tell you? b. Calculate Sunny's Sno Cone Stand's accounting profit for January. c. What additional information would Sunny need in order to determine whether or not to continue operating the Sno Cone Stand? d. Explain how Sunny would determine whether or not to continue operating the business on the basis of these numbers