Business, 19.03.2021 04:30, itujggkmjf8067
Suppose a farmer in Georgia begins to grow peaches. He uses $1,000,000 in savings to purchase land, he rents equipment for $90 comma 000 a year, and he pays workers $110 comma 000 in wages. In return, he produces 300 comma 000 baskets of peaches per year, which sell for $3.00 each. Suppose the interest rate on savings is 1 percent and that the farmer could otherwise have earned $45 comma 000 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.)
Answers: 3
Business, 21.06.2019 17:50, jonthedon62
Identify which of the twelve basic functions listed below fit the description given.
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Business, 22.06.2019 13:10, princessgabbee8452
Paid-in-capital in excess of par represents the amount of proceeds a. from the original sale of common stock b. in excess of the par value from the original sale of common stock c. at the current market value of the common stock d. at the curent book value of the common stock
Answers: 1
Business, 22.06.2019 22:30, GreenHerbz206
Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. in this case, the country that produces jeans will produce million pairs per week, and the country that produces corn will produce million bushels per week.
Answers: 1
Suppose a farmer in Georgia begins to grow peaches. He uses $1,000,000 in savings to purchase land...
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