Based on the information given, it should be noted that the economic profit generated will be $14000.
Economic profit is simply calculated as:
Total revenue - Implicit cost - Explicit cost.
= 60000 - 44000 - 30000
= 14000
Implicit cost was calculated as:
= 30000 + 12000 + 2000
= 44000
In conclusion, the correct option is $14000.
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Liter because liter is metric and the others are imperial
The extent of change in the relationships between workers and management in the United States in the period from 1870 to 1898 is known to be one that became a lot tenuous.
During this period, a lot of Managers were said to be very much most interested in getting more workers and they had no sympathy for needs or wants of their workers.
<h3>What was the relationships between workers and management in this period?</h3>
Before the 1870s, a lot of businesses in the United States were said to be handled by small family enterprises that is sole proprietor and they often run the business with just little employees. Here, a lot of small business owner do meet or handle the daily needs of his community.
Due to the build up of large factories , there was the division of labor that started in the 1870s, where a lot of owners of large businesses used managers to handle the day to day running of their operations. Mostly in the factories and to make sure that there is productivity to the highest.
Managers were said to be obligated to lower the cost of daily running of operating of the factories and cost of creating the products the factory produces.
Managers due to the above used scientific approach to business and as such were looking only at numbers and do not have any sympathy for their workers' needs. This led to a strain in their relationship
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Example that reinforces the main idea an insight you reach about information that is not directly stated
Hope I helped!
~ Zoe
B because that’s what her parents want
