Question: This page has 2 questions and is worth 5 points. Suppose a firm is able to sell their product for a price of $1. You

This page has 2 questions and is worth 5 points. Suppose a firm is able to sell their product for a price of $1. You have the following information on the firm's output and cost. Output 1,000 Implicit Costs $90 Explicit Costs $100 Instructions: For both questions, enter amounts as a whole number. If the firm is earning a loss indicate with a negative sign (-). Question 1: What is the firm's accounting profit? $ Question 2: What is the firm's economic profit? $

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