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asap please Suppose at farmer in Georga begins to grow peoches. He uses $1,000,000 in savings to purchase land, he rents equipment for $100,000 a
asap please
Suppose at farmer in Georga begins to grow peoches. He uses $1,000,000 in savings to purchase land, he rents equipment for $100,000 a year, and he pays workers $110,000 in waget in refur, he produces 300,000 baskets of peaches per year, which sell for $3.00 each. Suppote the ihterest rate on savings is 3 percont and that tho farmer could otherwise have eamed $35. 000 as a shoe salestran. What is the farmer's economic prote? The peach farmer earns eccncatic protit of 1 (Enter your response as an intoger) What is the farmer's accounting protic? The peach farmer earns accounting protit of 5 (Enter your responte as an integer.) Step by Step Solution
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