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Consider a Monocentric city. Export firms have two options for transporting output to city centre: a truck or a transporter. The transporter instantly moves any amount of output from the factory to the city center. It costs $12 to rent the transporter for one time period, and running the machine is costless. In contrast, the truck can transport output over any distance at a cost of $2 per unit of output per kilometer. Assume that all firms are identical, every firm produces 10 units of output that is worth $50 per unit at the city centre, and occupies 1 unit of land, that total non-land cost for a firm is $240, that all markets are competitive, and that the opportunity cost of land is 0.
a. Derive equilibrium rent function.
b. Derive equilibrium land use function.
Describe and discuss the theory or hypothesis you wish to discuss in your paper.
use the following information to answer the questions below.nbsp assume that as per the normal assumptions of the
Type your question here ON THE BASIS OF TRENDS IN BANK BRANCHES, DOES THE PUBLIC APPEAR TO HAVE MORE OR LESS ACCESS TO BANKING FACILITIES (BRANCHES AND OFFICES) IN THE LAST 20 YEARS?
would it be possible to privatize the money supply in the united states completely? in doing so what would be the
Explain why the European Central Bank cannot selectively change interest rates in any of the 16 EU countries that have adopted the euro—for example, lowering the interest rate to stimulate the economies of Greece, Ireland, or Spain, while maintaining..
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The marginal private cost (MPC) of such lawn upkeep is represented by the following equation: MPC = 0.5Q, where Q is again the number of hours engaged in lawn upkeep. how many hours of lawn upkeep will occur in this community.
there are also more than 475 bilateral and regional trade blocs, including the North American Free Trade Agreement and the European Union, which provide special trade preferences to member nations.
1. assume that the market demand is given by pq 100 - q and that the cost functions of the two firms in the industry
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