7 is) Recall the locational indifference condition in the model of housing prices with com-muting costs:AP h(2) + Ar-t=0(a)you know?If h(x) = 750, have we modeled consumers as being able to substitute? How do%3D(b)Derive the slope of the bid-rent curve when h(r) == 750

Given: ∆P.h(x)+∆x.t=0 h(x)=750

Answered: s) Recall the locational indifference…

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter3: Functions

Section3.3: More On Functions; Piecewise-defined Functions

Problem 88E

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(2) The number of women in the workforce, based on data and projections from 1950 to 2050, can be modelled by a linear function. The number was 18.4 million in 1950 and is projected to be 81.6 million in 2030. Let x represent the number of years after 1950. (i). What is the slope of the line? (ii). What is the average rate of change in the number of women in the workforce during this time period? (iii). Use the slope from part (i) and the number of millions of women in the workforce in 1950 to write the equation of the line. please assist with question 2
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s) Recall the locational indifference condition in the model of housing prices with com- muting costs: AP h(z) + Az -t 0 If h(x) = 750, have we modeled consumers as being able to substitute? How do (a) you know? %3D