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Suppose that a manufacturing firm's output is transported via truck to a central freight terminal 2 miles away. If the cost per mile of operating
Suppose that a manufacturing firm's output is transported via truck to a central freight terminal 2 miles away. If the cost per mile of operating the truck increases, what would you expect to happen to the bid rent for land of this manufacturing firm
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Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
