subject
Business, 11.02.2021 22:00 mariaaalopezz

Suppose that a household resides in an urban area at a distance of 8 miles from downtown. The household occupies a residential lot measuring 5000 square feet, and at this distance from downtown land rent is $2.00 per square foot per year. One of the members of the household must commute to downtown for work five days a week (50 weeks per year) The total cost of this commuting (counting time costs as well as monetary costs) is $6.00 for each work day. a. How much is the household currently paying in land rent per y ear?
b. How much is the household currently paying in commuting costs per year? Show your work.
c. Assume that the per mile cost of commuting is everywhere the same (i. e., it's the same cost to travel a mile either near downtown or on the outskirts of town). How much would the household's annual commuting costs be if they lived 6 miles from downtown or 10 miles from downtown? Show your work
d. Assume that land rent is $2.20 per square foot 6 miles from downtown and $1.80 per square foot 10 miles from wwwntown. If the household rented a lot of exactly the same size as they currently do, how much would their land rent be per year if they lived 6 miles from downtown or 10 miles from downtown? Show your work.
e. Assuming that land rent and commuting costs are the only factors being considered by this household, is living 8 miles from downtown a locational equilibrium for this household? Why or why not? If not, should they move closer to or farther from downtown?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 19:20
1. revising for conciseness - eliminating flabby expressions,limiting long lead-ins, and dropping unnecessary fillerstime is money in any business environment. people want information communicated quickly and clearly. to make your writing more concise and understandable, avoid flabby expressions, long lead-ins, and unnecessary fillers. your audience will appreciate your brevity.1. if your writing contains a flabby expression like in view of the fact that, replace it with the word because / although / probably .for each of the following two sentences, choose the best revision.2. i am sending you this letter to inform you that we have experienced an unexpected surprise within our expense sheet, but we are positively certain we will solve it.1) we need to inform you that we have experienced an unexpected surprise with our expense sheet, but we are midway to an end result.2) we have identified a problem with our expense sheet, but we will solve it.3) i am sending you this letter to inform you that we have a problem with our expense sheet, but we are positively certain we have a solution.3. it is the user who should contact the center.1) everyone knows that it is the user who should contact the center.2) the user should contact the center.3) if there is a problem, the user should contact the center.read the following passage, and then answer the question.[1] you scheduled seven conference calls for this morning between 10 and 11 a.m. [2] generally, the company limits the number of conference calls to three per hour. [3] i’m letting you know that in the future, we should be more careful about scheduling.4. which revision limits the long lead-in in sentence 3? 1) in the future, we should be more careful about scheduling.2) i’m letting you know so that in the future we are more careful about scheduling calls.3) so that you know in the future, we should be more careful about scheduling.
Answers: 3
question
Business, 22.06.2019 19:30
The owner of firewood to go is considering buying a hydraulic wood splitter which sells for $50,000. he figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. if, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?
Answers: 1
question
Business, 22.06.2019 19:30
Which of the following occupations relate to a skill category of words and literacy
Answers: 1
question
Business, 22.06.2019 22:40
The year is 2278, and the starship enterprise is running low on dilithium crystals, which are used to regulate the matter-antimatter reactions that propel the ship across the universe. without the crystals, space-time travel is not possible. if there is only one known source of dilithium crystals, the necessary conditions for a monopoly are met. part 2 (1 point)see hint if the crystals are government owned or government regulated, and the government wants to create the greatest welfare for society, then it should set the price choose one or more: a. so only the rich can afford space-time travel. b. at the profit-maximizing price. c. at the efficient price. d. using the marginal-cost pricing rule. e. so everyone can afford space-time travel. f. at the monopoly price.
Answers: 1
You know the right answer?
Suppose that a household resides in an urban area at a distance of 8 miles from downtown. The househ...
Questions
question
Computers and Technology, 09.10.2019 23:30
Questions on the website: 13722367