Consider the foreign-car wholesaler discussed in Exercise 17. Suppose that the cost of shipping a car from

Question:

Consider the foreign-car wholesaler discussed in Exercise 17. Suppose that the cost of shipping a car from New York to Philadelphia is increased to $110 and all other costs remain the same. How many cars should be shipped from each warehouse to each in order to minimize the cost?
Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...