What is customers wtp per unit of the good in question

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Question: Von-Thunen Model III Refer to the von-Thunen model where a city's market reaches to the left and to the right. The firm is competitive and its price equals marginal cost. The firm's marginal cost is c=1; the market reach is x=14 to the left and x=14 to the right. Marginal transportation cost t equal t=5.

(a) What is customers' WTP per unit of the good in question? (5 pts) (b) What is the rent for a person located at x=10?

Reference no: EM133401549

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