Based on the data provided here, calculate the items requested:   Annual depreciation $ 2,500   Annual mileage 13,800 Current year's loan interest $ 670   Miles per gallon 24 Insurance $ 755   License and registration fees $ 90 Average gasoline price $ 4.00 per gallon Oil changes/repairs $ 520 Parking/tolls $ 520         a. Calculate total annual operati

Distance to city edge (miles) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Housing Developer's Bid Rent ($/acre) $1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 $0 $0 $0 $0 Farmer's Bid Rent Curve ($/acre) $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 The maximum amount that housing developers and farmers are willing to pay for land is depicted in the table above: 1. How far from the CBD will developers be willing to build houses? 2. If the market price of a harvest increases by $100,00 but farmer costs remain the same, what will happen to the edge of the city over the long run?

The question and the answers all I need is a solution Our subject is Engineering Economics in the lesson ECONOMIC STUDY METHOD

Subject : Engineering Economics Please write handwritten Answer And Explain Briefly