Harry's Hookahs incurs $700,000 per year in explicit costs and $500,000 in implicit costs. The company earns $1.4 million in revenues and has $3.7 million in net worth. Based on this information, what is the accounting profit for Harry's Hookahs?
A) $200,000
B) $700,000
C) $900,000
D) $1.1 million
Answer: B
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