Bev is opening her own court-reporting business. She financed the business by withdrawing money from her personal savings account. When she closed the account, the bank representative mentioned that she would have earned $300 in interest next year. If Bev hadn’t opened her own business, she would have earned a salary of $25,000. In her first year, Bev’s revenues were $30,000. Which of the following statements is correct?

a. Bev’s accounting profits exceed her economic profits by $300.
b. Bev’s total explicit costs are $25,300.
c. Bev’s total implicit costs are $300.
d. Bev’s economic profit is $4,700.