How does the market determine what resources to use?

MBA 5010 Week 1 Weekly Assignment For each of the following resources, name at least two (hypothetical) competing potential uses for that resource. Then for each describe how the \"market\" determines to which use it will be allocated. Question 1 - A parcel of vacant land located at the intersection of two streets used heavily by commuters Respond here Question 2 - A semi-tractor and trailer owned by a private trucker Respond here Question 3 - A web-designer with particular expertise in business web development Respond here Question 4 - Fitness Fanatic is a startup fitness center located in Louisville Kentucky. Its innovative model of combining social networking, exclusive branded apparel, and an invitation-only fitness center has led to substantial revenue growth. Describe how Fitness Fanatic exemplifies the \"opportunity seeking\" dimension of value creation. Respond here Question 5 - Integrated Freight utilizes artificial intelligence to route freight across multiple carriers and modalities (e.g. train versus truck). The result is that Integrated Freight is able to reduce long distance freight costs by an average 20%. Describe how Integrated Freight exemplifies the \"efficiency seeking\" dimension of value creation. Respond here