Please forgive nty generality but since I don't know at the moment who will be doing this research. l have laid out a brief outline of the maior points I thini: should be considered in evaluating the proposal of Mr. Kevin Thorpe. the Operations Manager of Belgrove Farms. Inc. Background: Robert Eieigrove. a conservative older gentleman who founded the firm. is the client. He is very proud of the rm's commitment to quality. Kevin Thorp. a nephew of Mr. Belgtove. was hired by him two years ago. Kevin is 27 and recently graduated from a state university with a business degree. Q. 1. Belgrove Farms has four sub-divisions (four different farms it has previously acquired}. Since tfte farms have differertt relative productive abilities {M yellow com vs. GM yellow corn}. and production can be shifted by farm. oonsideration must be given to the best combination of outputs to maximize the economic prot. a. Calculate the output of each farm form yellow corn or GM yellow corn. From this data caiculate the economic cost oi Myeilow corn in terms of GM yellow corn {ratio} and the economic cost of lel yellow oorn in terms ofAA yellow corn {ratio} .e.. 1 M = 2 IBM; or 113M = ZMJ b. Our marketing division has put together a projection of selling prices [see Eid'lihit 4]. Apparently there are some consumer issues about the new corn. These issues may affect the selling price of GM yeilow corn. Evaluation of some alternative prices for GM yellow corn may be in order