The Following Question Relate to a Community That Is Circular

question 48

Essay

The following question relate to a community that is circular in nature with a one mile circumference. There are 81 people evenly distributed around the lake where the town is built. The travel cost is $10 per mile, a restaurant costs $100 to set up, and the cost per meal is $2. Calculate the optimal number of restaurants without using the graph. Round off small residuals to the nearest whole number. Show your work.

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Definitions:

Coalitions

Alliances between distinct parties, organizations, or countries for a common purpose, often temporary.

Marginal Revenue

The increased earnings derived by the sale of an extra item of a good or service.

Prices

The amount of money expected, required, or given in exchange for something.

Marginal Revenue

The supplementary income generated by a company from the sale of one more unit of a good or service.