Suppose a farmer in georgia begins to grow peaches. he uses $1,000,000 in savings to purchase land, he rents equipment for $70,000 a year, and he pays workers $100,000 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 1 percent and that the farmer could otherwise have earned $35,000 as a shoe salesman. what is the farmer's economic profit?

You have just been hired as a brand manager at kelsey-white, an american multinational consumer goods company. recently the firm invested in the development of k-w vision, a series of systems and processes that allow the use of up-to-date data and advanced analytics to drive informed decision making about k-w brands. it is 2018. the system is populated with 3 years of historical data. as brand manager for k-w’s blue laundry detergent, you are tasked to lead the brand's turnaround. use the vision platform to to develop your strategy and grow blue’s market share over the next 4 years.