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:
A.
ensure a basis of nation wide support for an elected president
A set of processes that can cause relative distances between places to contract or shrink and make the two places come closer together.
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Answer:
Explanation:
A state would be able to challenge the constitutionality of a federal statute by filing a lawsuit in court.
