Suppose that a business incurred implicit costs of $200,000 and explicit costs of $1 million in a specific year. if the firm sold 4,000 units of its output at $300 per unit, its accounting profits were:
a. $100,000 and its economic profits were zero.
b. $200,000 and its economic profits were zero.
c. $100,000 and its economic profits were $100,000.
d. zero and its economic loss was $200,000.

b

Explanation:

Given

Implicit cost=$ 200,000

Explicit cost=$ 1 million

4000 units

Output=$ 300 per unit

therefore revenue

as we need to compute accounting profit therefore we do not consider the implicit cost

accounting Profit=1.2-1=$ 0.2 million

and economic Profit =Revenue -explicit cost-Implicit cost

economic Profit=0.2-0.2=0

Thus option b is most appropriate  

all freedom fighters demanded for constitution. so british finally granted india it's freedom. then a constituent assembly was formed. it's chair man was rajendra prasad and its deputy chairman was dr. br ambedkar.

this assembly take the time of about one year than our constitution was finally formed.

explanation: