Then things would turn bad and not good.
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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Written and oral communication skills are an example of skills that cover all areas of specialization that are most valued by employers when hiring a new employee.
Communication is an essential skill in every organization, it is through it that the flow of information to organizational processes and interaction takes place, so this is an essential skill in any employee.
Employers therefore value professionals with written and oral communication skills because they are a company's primary needs, as knowing how to communicate assertively and knowing how to relate to their co-workers will directly impact organizational culture, motivation, work productivity , etc.
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