Consider a monocentric city with commuting costs of $40 per

Assignment Help Microeconomics
Reference no: EM13314433

Consider a monocentric city with commuting costs of $40 per mile.A household 8 miles from the city center occupies a dwelling with 1000 square feet at a monthly rental rate of $600.Non-land costs are $250 per dwelling and there are 10 dwellings per acre.The price of housing at a distance of 8 miles is $________ per square foot.

Reference no: EM13314433

Questions Cloud

Find what is the greatest vertical height ball achieves : a ball is thrown with a valocity of 30 m/s at an angle of 40 degrees above the horizontal from the top of a 100m tall building. what is balls velocity when it lands. (neglect air resistance in both cases) DO NOT USE 2D projectile motions, only work ..
Deytermine what is the penetration h for the pile : A pile resists the tension developed by three stay cables for a major for a tent (membrane) structure. Assuming no bending is desired in the pile (no resultant horizontal componenet),
Determine the lift : An experimental airplane is flying northwest from Nashville, at an altitude of 18,000 ft. Determine the lift
Determine magnitude and direction of objects acceleration : 8 Forces of 10.0 N north, 20.0 N east, and 15.0 N south are simultaneously applied to a 4.00 kg mass as it rests on an air table. Determine the magnitude and direction of the object's acceleration.
Consider a monocentric city with commuting costs of $40 per : Consider a monocentric city with commuting costs of $40 per mile.A household 8 miles from the city center occupies a dwelling with 1000 square feet at a monthly rental rate of $600
Determine gauge pressure head and absolute pressure head : The fluids do not mix and the atmospheric pressure is 1.01 x 105 N/m2. Determine the gauge pressure head and the absolute pressure head in metres of water at i depth of 6.6m below the free surface.
Determine hydrostatic force on one side of vertical gate : Determine the hydrostatic force on one side of a vertical clrcular gate of diameter 1.5m when its centre is immersed at a depth of 6m neto-w tne free surface of water in a reservoir.
What is column aliases : For Assignment week 1, answer the following questions. Save your answer to a word document on your desktop (please save as word 2003 format), and submit your results.
What is the ratio of the amplitudes of the two waves : Two earthquake waves of the same frequency travel through the same portion of the Earth, What is the ratio of the amplitudes of the two waves

Reviews

Write a Review

Microeconomics Questions & Answers

  Monopoly with a elastic demand curve

A monopoly with a more elastic demand curve will have more market power and monopolist can earn positive profits in the long run because it has market power

  Determining non-value added costs

Jet Set Travel, Inc. (JTI) has been hugely successful in the distribution of stylish, comfortable shoes for travel. Please describe how non-value added costs can damage the company, it sales, it costs, and it's value chain

  Who would be free to choose the health care providers

Some economists have argued that if the government wishes to subsidize health care, it should instead provide predetermined sums of payments (based on the type of health care problems experienced) directly to patients, who then would be free to ch..

  What does economics have to say about global warming

Using concepts used just in Microeconomics(and ignoring any that you might think relevant from Macroeconomics), what does economics have to say about global warming. Is the lesser role for he market and of competition in China.

  Production possibilities curve-free markets

Pick a social problem where free markets aren't allowed to function and explain how free market features could be introduced to aid alleviate the problem.

  Discuss actions governments can use to restrict free trade

Discuss actions governments can use to restrict free trade; give at least two specific examples and explain the advantages and disadvantages of government restriction on free trade in each situation.

  What are some of the incentives to consolidate

In a separate group discussion board, present two arguments. The first should argue in favor of the proposed merger, from the perspective of the firms. The second agrues against the proposed merger from the perspective of the broader public intere..

  Define the concentration ratio

what is the concentration ratio for the industry x and y. (number of firm) ----(industry x) ------ (industry y) (1) -----------------------8,750-------- --------1,750 (2) -----------------------7,500---------------- 1,725

  Describe briefly a market in an important product

Describe briefly a market in an important product, resource or service in which demand and supply is not mediated through price mechanism. What alternative mechanism is used to allocate the scarce resource or product in this market [Hint, one such..

  Shows the lowest per capita income

Many analysts in both developed and developing worlds have heavily criticized the cases of monopolies. Discuss using relevant examples whether it is a good policy for the government to completely eliminate monopoly power.

  How many engineers and how many technicians should be hired

The wage paid to engineers is $4000, while technicians, who are not as skilled as engineers, receive $2000. The firm's budget on a particular project is $28,000. How many engineers and how many technicians should be hired in order to maximize p..

  Why the wage contracts have short durations

Suppose the Federal Reserve announced that it would pursue contractionary monetary policy to reduce the inflation rate. Would the following conditions make the ensuing recession more or less severe.Wage contracts have short durations.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd