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.
Learn more about economic profit on:
brainly.com/question/1078746
The Berlin Conference of 1884–1885 marked the climax of the European competition for territory in Africa, a process commonly known as the Scramble for Africa. During the 1870's and early 1880's European nations such as Great Britain, France, and Germany began looking to Africa for natural resources for their growing industrial sectors as well as a potential market for the goods these factories produced. As a result, these governments sought to safeguard their commercial interests in Africa and began sending scouts to the continent to secure treaties from indigenous peoples or their supposed representatives. Similarly, Belgium’s King Leopold II, who aspired to increase his personal wealth by acquiring African territory, hired agents to lay claim to vast tracts of land in central Africa. To protect Germany’s commercial interests, German Chancellor Otto Von Bismarck, who was otherwise uninterested in Africa, felt compelled to stake claims to African land.
Different ways. Like by culture, type or habitat and so on.
<span>The tale is an adventure with elements of fantasy similar to the Knight's Tale ¬ not surprising, for the Squire is the son of the Knight but with a less bombastic tone and elements of magic. The Squire personifies all the courtly chivalric qualities which his father does not expose. He is young and lusty, takes great care of his outward appearance and is always busy of staying in his lady's grace. He can sing and dance, compose songs and write poetry. He is a brilliant horseman. The Squire is a ‘lusty bachelor’ of twenty..... Both the Knight and the Squire are representatives of the aristocrats or those who seek nobility. A squire learns his future duties as a knight by attending battles. The Squire is a striking contrast to his father. True, he has seen some military action, but it was to impress his lady not his lord god. Unlike his parents, he is fashionably dressed. He is very much in love and has cultivated all the social graces, and is also aware of his duty to serve as his father’s squire</span>
