Bart Wurst Runs the Only Hot-Dog Stand in a Large

question 53

Essay

Bart Wurst runs the only hot-dog stand in a large park in a large boring town.On Sundays people in this town all sit in the park and sunbathe.For any t between 0 and 30, the number of people who are sitting within t minutes of Bart's stand is 10t².People in Bart's town are lazy and hate to walk.They think that every minute of walking they do is as bad as spending $.10.Everybody in the park has a reservation price of $1 for a hot dog, where the cost of a hot dog includes the subjective cost of walking as well as the money price they have to pay when they get there.(Nobody has ever thought of fetching a hot dog for someone else.)Find a formula for the demand curve for Bart's hot dogs.Explain how you got it.

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Definitions:

Parasympathetic Stimulation

The activation of the parasympathetic nervous system, leading to responses such as decreased heart rate and increased digestive activity.

Insulin

A hormone produced by the pancreas that regulates blood glucose levels by facilitating the uptake of glucose into cells.

Reabsorbed

The process by which substances are taken back into the bloodstream from bodily fluids or tissues, typically referring to the action of the kidneys.

Adh

Anti-diuretic hormone, also known as vasopressin, which regulates water balance in the body by controlling the amount of water absorbed by the kidneys.