Business, 19.04.2021 16:00 angelrenee2000
Suppose a farmer in Georgia begins to grow peaches. He uses $1,000,000 in savings to purchase land, he rents equipment for $ a year, and he pays workers $ in wages. In return, he produces baskets of peaches per year, which sell for $ each. Suppose the interest rate on savings is percent and that the farmer could otherwise have earned $ as a shoe salesman. What is the farmer's economic profit? The peach farmer earns economic profit of $ nothing. (Enter your response as an integer.)
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Suppose a farmer in Georgia begins to grow peaches. He uses $1,000,000 in savings to purchase land...
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