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Chapter 14 - Land Economics Exercise 14-2 As Slide 8 (Lecture Note - Ch14) shows, we can find the urban/rural fringe, which is the intersection

Chapter 14 - Land Economics

Exercise 14-2

As Slide 8 (Lecture Note - Ch14) shows, we can find the urban/rural fringe, which is the intersection of the two (urban and rural) rent gradient functions.

Suppose R(U) = 100 - 5D and R(R) = 70 - 3D, where R - rent and D- distance from the centre.

Find the urban/rural fringe and draw the graphs. What is the economic meaning of this number (distance)?

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