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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Answer:
First, they can disrupt or degrade life-support systems for humans and other species. Second, they can damage wildlife, human health, and property. Third, they can create nuisances such as noise and unpleasant smells, tastes, and sights.
Explanation:
The supply curve will be composed of the following points
(10, 1000) from the statement: 1000 shoes in the market at $10
(25, 1200) from the statement: 12000 shoes at $25 per pair
(40, 1400) from the statement: <span>$40 per pair, the existing firms increase production to 1400 each</span>
Well, the south was more agriculture, and the north more industrial, leading to division.
Answer:
the correct one is population booms in parts Europe and Asia
