Solved

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

question 11

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 1?

Definitions:

Second-Degree Price Discrimination

A pricing strategy where prices vary based on the quantity of goods or services purchased, but not on the characteristics of the buyer.

Early Bird

A term typically used to describe someone who completes a task or arrives somewhere early, often to take advantage of benefits or discounts.

Intertemporal Price Discrimination

A pricing strategy where consumers are charged different prices for the same product or service based on when they choose to purchase or consume it.

Marginal Revenue

The additional income earned by selling one more unit of a good or service.