Use the Table Below to Answer the Following Questions) -According to the Model, What Is the Distance Between Shirley's

question 83

Multiple Choice

Use the table below to answer the following questions) .
Shirley Templeton is a real estate agent for Paralol Realty. Shirley is given the responsibility to manage potential customers for 5 of the Realty's bungalows. These 5 bungalows are situated in close proximity. In order to make traveling easier, Shirley decides to move to a location closer to the 5 bungalows. The table below gives the location X and Y coordinates) of the 5 bungalows along with the number of trips she would have to make to each bungalow. Create a nonlinear model based on the data given in the table below noting that the objective is to reduce the weighted distance between Shirley's accommodation and the 5 bungalows. $$\begin{array} { | l | l | l | l | } \hline \text { Bungalow Location } & & & \\\hline & & & \\\hline \text { data } & & & \\\hline \text { Locatim } & \text { X-coardinate } & \text { Y-coardinate } & \text { Trips/Month } \\\hline \text { Bungaldw 1 } & 0 & 0 & 6 \\\hline \text { Bungaldw 2 } & 25 & 100 & 30 \\\hline \text { Bungaldw 3 } & 20 & 75 & 15 \\\hline \text { Bungaldw 4 } & 90 & 80 & 28 \\\hline \text { Bungaldw 5 } & 60 & 100 & 10 \\\hline\end{array}$$
-According to the model, what is the distance between Shirley's new accommodation and Bungalow 2?

• A) 91.16
• B) 23.12
• C) 98.21
• D) 14.53

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Definitions:

AVC

Average Variable Cost, which is the total variable costs of production divided by the quantity of output produced.

ATC

Stands for Average Total Cost, a metric that represents the per-unit total cost of production, including both fixed and variable costs.

MR

Short for Marginal Revenue, the increase in total revenue a firm receives from selling one additional unit of a good or service.

Economic Profits

The difference between the revenue received from the sale of an output and the opportunity cost of the inputs used.