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A toll road commission is planning to locate garages for tow trucks along a 100-kilometre circular highway. Each garage has a fixed cost of 5,000
- A toll road commission is planning to locate garages for tow trucks along a 100-kilometre circular highway. Each garage has a fixed cost of 5,000 per day.Towing jobs are equally likely along any point of the highway, and cost per kilometre towedis 50. If there were 5,000 towing jobs per day, what number of garages wouldminimize the sum of the fixed costs and towing costs?
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Issues in Economics Today
Authors: Robert C. Guell
8th edition
1259746399, 1259746390, 978-1259746390
