Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Economics Posted 13 May 2018 My Price 3.00

farmer in Georgia

Suppose a farmer in Georgia begins to grow peaches. He uses? $1,000,000 in savings to purchase? land, he rents equipment for ?$50,000 a? year, and he pays workers ?$150,000 in wages. In? return, he produces 300,000 baskets of peaches per? year, which sell for ?$3.00 each. Suppose the interest rate on savings is 11 percent and that the farmer could otherwise have earned ?$40,000 as a shoe salesman. What is the? farmer's economic? profit? The peach farmer earns economic profit of ?$ What is the? farmer's accounting? profit? The peach farmer earns accounting profit of ?$
 
 

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Maurice Tutor
(5)
Status NEW Posted 13 May 2018 02:05 PM My Price 3.00

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