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asap please Suppose a tarmer in Georgia begins to grow poaches. He uses $1,000,000 in savengs to purchase land, he rents equipment for $70,000 a

asap please
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Suppose a tarmer in Georgia begins to grow poaches. He uses $1,000,000 in savengs to purchase land, he rents equipment for $70,000 a year, and he pays workers $110,000 in wages, in roturn, produces 200,000 baskets of peaches per year, which seli for $3,00 each. Suppose the interest rate on savings is 2 percent and that the farmor ooudd otherwite have earned $25,000 as a shoe salesmant. What is the farmer's econcmic profit? The peach farmer earns eoonamic proft of 5 (Enter your response at an integer) What is the farmer's accounting profit? The peach tarmer earns acoounting proft of 5 (Enter your response as an integer)

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