Suppose That Firms Are Located in a Circle on an Island

question 52

Multiple Choice

Suppose that firms are located in a circle on an island. You are given transportation costs, fixed costs, variable costs, and demand (assume that customers are spread evenly along the circle) . In an example of restaurant location on an island, if the number of people on the island doubled, the number of restaurants

• A)would stay the same.
• B)would double.
• C)would halve.
• D)would increase by a factor of \(\sqrt { 2 }\)

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An idea in the field of educational psychology that defines the gap between a learner's ability to perform a task on their own and their capability to accomplish more advanced tasks with the assistance and support of a more experienced individual.

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