Business, 22.04.2020 01:51 okay1359

In this problem, you will solve for the equilibrium of an idealized city experiencing rural-urban migration. As learned in class, the condition for migration equilibrium requires that the urban residents living at the edge of the city (whose commute distance is xbar) has the same disposable income as the income of a rural resident. Assume that the rural income (rA) is 50, and that commuting cos per mile for urban residents (t) is 2.

Given the information that the city’s distance from CBD to its edge (xbar) is 10 at the migration equilibrium, infer the income of an urban resident (y).

a.100

b.90

c.70

d.50

e.30

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 20:30

Which of the following best describes how the federal reserve bank banks during a bank run? a. the federal reserve bank has the power to take over a private bank if customers demand too many withdrawals. b. the federal reserve bank can provide a short-term loan to banks to prevent them from running out of money. c. the federal reserve bank regulates exchanges to prevent the demand for withdrawals from rising above the required reserve ratio. d. the federal reserve bank acts as an insurance company that pays customers if their bank fails. 2b2t

Answers: 3

Answer

Business, 22.06.2019 05:30

Find a company that has followed a strong strategic direction- state that generic strategy and the back-up points to support your position.

Answers: 1

Answer

Business, 22.06.2019 09:20

Which statement best defines tuition? tuition is federal money awarded to a student. tuition is aid given to a student by an institution. tuition is money borrowed to pay for an education. tuition is the price of attending classes at a school.

Answers: 1

Answer

Business, 22.06.2019 11:10

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.

Answers: 3

Answer

You know the right answer?

In this problem, you will solve for the equilibrium of an idealized city experiencing rural-urban mi...

Questions

Business, 11.03.2020 20:06

Suppose the government imposes a $10 per month tax on cell phone service. If the demand curve for cell phone service is perfectly inelastic and the su...