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Use the table below to calculate the bid rent for manufacturing in Burgville in dollars per acre. You must get all 5 to receive full credit. Do NOT include dollar signs. Also, responses should include dollars and cents. For example, 150 dollars should be entered as 150.00. Distance (Miles)Total Revenue Non-land Cost Freight Cost Willingness to Pay for Land Production Site (Acres) Bid Rent ($/Acre $500 100 $400 $500 100 10 $390 2. $500 %24 100 20 $380 $500 100 30 $370 4. $500 %24 100 40 $360

Use the table below to calculate the bid rent for manufacturing in Burgville in dollars per acre. You must get all 5 to receive full credit. Do NOT include dollar signs. Also, responses should include dollars and cents. For example, 150 dollars should be entered as 150.00. Distance (Miles)Total Revenue Non-land Cost Freight Cost Willingness to Pay for Land Production Site (Acres) Bid Rent ($/Acre $500 100 $400 $500 100 10 $390 2. $500 %24 100 20 $380 $500 100 30 $370 4. $500 %24 100 40 $360

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Use the table below to calculate the bid rent for manufacturing in Burgville in dollars per acre. You must get all 5 to receive full credit. Do NOT include dollar signs. Also, responses should include dollars and cents. For example, 150 dollars should be entered as 150.00. Distance (Miles)Total Revenue Non-land Cost Freight Cost Willingness to Pay for Land Production Site (Acres) Bid Rent ($/Acre) $500 24 100 $400 $500 100 10 $390 4. $500 100 20 $380 4. $500 100 30 $370 4. 4. $500 100 40 $360
Transcribed Image Text:Use the table below to calculate the bid rent for manufacturing in Burgville in dollars per acre. You must get all 5 to receive full credit. Do NOT include dollar signs. Also, responses should include dollars and cents. For example, 150 dollars should be entered as 150.00. Distance (Miles)Total Revenue Non-land Cost Freight Cost Willingness to Pay for Land Production Site (Acres) Bid Rent ($/Acre) $500 24 100 $400 $500 100 10 $390 4. $500 100 20 $380 4. $500 100 30 $370 4. 4. $500 100 40 $360
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