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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

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

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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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
Transcribed Image Text: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
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