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Consider the Fairfax Beach, located in Southwest portion of Freedonia. This beach is world renown for scenic views and sharkless waters. There is a
Consider the Fairfax Beach, located in Southwest portion of Freedonia. This beach is world renown for scenic views and sharkless waters. There is a boardwalk on this beach and this boardwalk is 3 km long. On the boardwalk are two ice cream sellers, currently located at % and of the boardwalk. Assume that consumers are evenly distributed and that for the average consumer the cost of walking to an ice cream seller on this beach is $10/km. a. b. Determine the average travel cost for ice cream consumer, after the sellers have settled on their final positions. Draw a diagram and show your work. Suppose that people will not walk farther than 1 km for ice cream. With a diagram show how this fact changes the behaviour of the sellers.
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