The Times-Picayune is searching for an ideal spotting station for the morning paper.Neighborhoods,their location on an XY grid of the city,and morning volume are shown in the table.What is the location that will minimize the transportation costs for the newspaper?
Definitions:
Average Fixed Cost
The total fixed costs divided by the number of units produced, representing how fixed costs dilute with increased production.
Marginal Cost
Marginal cost is the increase or decrease in the total cost that arises when the quantity produced is incremented by one unit.
Average Variable Cost
The cost of production that varies with the output level, calculated by dividing the total variable costs by the number of units produced.
Average Product
is the output per unit of input, such as the quantity of goods produced per labor hour, and is used to measure productivity.
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