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Using the bid-rent model and the given information to answer the following question. Based on the following information, What type of office building will be built at the location 2 blocks away from CBD? • Price of office space is $510/hectare • Nonland cost is $150 • Travel cost is $46 for 1st block; $41 for an additional block Location and Bid Rent Land (hectares) Floors Capital cost Short O Tall Office Building Type O Medium Tall Medium Short 0.04 0.25 1 O Not profitable to build any building 25 4 250 100 1 50

Using the bid-rent model and the given information to answer the following question. Based on the following information, What type of office building will be built at the location 2 blocks away from CBD? • Price of office space is $510/hectare • Nonland cost is $150 • Travel cost is $46 for 1st block; $41 for an additional block Location and Bid Rent Land (hectares) Floors Capital cost Short O Tall Office Building Type O Medium Tall Medium Short 0.04 0.25 1 O Not profitable to build any building 25 4 250 100 1 50

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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Using the bid-rent model and the given information to answer the following question. Based on the following information, What type of office building will be built at the location 2 blocks away from CBD? • Price of office space is $510/hectare • Nonland cost is $150 • Travel cost is $46 for 1st block; $41 for an additional block Location and Bid Rent Land (hectares) Floors Capital cost Short O Tall Office Building Type O Medium Tall Medium Short 0.04 0.25 1 O Not profitable to build any building 25 4 250 100 1 50
Transcribed Image Text:Using the bid-rent model and the given information to answer the following question. Based on the following information, What type of office building will be built at the location 2 blocks away from CBD? • Price of office space is $510/hectare • Nonland cost is $150 • Travel cost is $46 for 1st block; $41 for an additional block Location and Bid Rent Land (hectares) Floors Capital cost Short O Tall Office Building Type O Medium Tall Medium Short 0.04 0.25 1 O Not profitable to build any building 25 4 250 100 1 50
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