Business, 31.10.2019 04:31 amy123261

Bart wurst runs the only hot-dog stand in a large park in a large boring town. on sundays people in this town all sit in the park and sunbathe. for any t between 0 and 30, the number of people who are sitting within t minutes of bart’s stand is 15t 2 . people in bart’s town are lazy and hate to walk. they think that every minute of walking they do is as bad as spending $0.10. everybody in the park has a reservation price of $1 for a hot dog, where the cost of a hot dog includes the subjective cost of walking as well as the money price they have to pay when they get there. (nobody has ever thought of fetching a hot dog for someone else.) find a formula for the market demand for bart’s hot dogs. explain how you got it.

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Bart wurst runs the only hot-dog stand in a large park in a large boring town. on sundays people in...

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