I can’t see any Choices. Send a a comment so I can help you.
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:
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Answer:
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Explanation:
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Answer:
woodwind
Explanation: the instrument is a sixholed flute therefore it would be in the woodwind family along with the flute,clarinet, ect.