Consider an open circular monocentric city. A resident is endowed with w baskets of numraire composite goods to spend on land s(r), composite goods z(r) and commuting t r. Her preferences are represented by u(s(r), z(r)) = 2 3 log[s(r)] + 1 3 log[z(r)]. (1) 1. Suppose that the nationwide utility level is given by 2 3 log 2 log 3. Derive the bid-rent function p(r)