Question
24) Consider one ice cream seller having the opportunity to locate one booth somewhere along a beach. Assume there are 100 people uniformly distributed at
24) Consider one ice cream seller having the opportunity to locate one booth somewhere along a beach. Assume there are 100 people uniformly distributed at the beach. The reservation price is V and all consumers are supposed to buy.
Illustrate in a figure the location where the seller is going to locate the booth, and illustrate the price, the transportation cost, the reservation price.
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Managerial Economics and Organizational Architecture
Authors: James Brickley, Clifford W. Smith Jr., Jerold Zimmerman
6th edition
73523143, 73523149, 978-0073523149
