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6. Consider a monocentric city in which all houses contain 1,300 square feet of floor space, and where the cost of commuting is $65 per kilometre per month, round trip. The price of housing is $1 per square foot at a distance of 10 kilometres from the city centre. What is the price of housing (per square foot) at the city-residential border? (1) $0.95 (2) $1.00 (3) $1.50 (4) $2.47

6. Consider a monocentric city in which all houses contain 1,300 square feet of floor space, and where the cost of commuting is $65 per kilometre per month, round trip. The price of housing is $1 per square foot at a distance of 10 kilometres from the city centre. What is the price of housing (per square foot) at the city-residential border? (1) $0.95 (2) $1.00 (3) $1.50 (4) $2.47

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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6. Consider a monocentric city in which all houses contain 1,300 square feet of floor space, and where the cost of commuting is $65 per kilometre per month, round trip. The price of housing is $1 per square foot at a distance of 10 kilometres from the city centre. What is the price of housing (per square foot) at the city-residential border? (1) $0.95 (2) $1.00 (3) $1.50 (4) $2.47
Transcribed Image Text:6. Consider a monocentric city in which all houses contain 1,300 square feet of floor space, and where the cost of commuting is $65 per kilometre per month, round trip. The price of housing is $1 per square foot at a distance of 10 kilometres from the city centre. What is the price of housing (per square foot) at the city-residential border? (1) $0.95 (2) $1.00 (3) $1.50 (4) $2.47
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