The Times-Picayune Is Searching for an Ideal Spotting Station for the Morning

question 32

Essay

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?
$$\begin{array} { | l | c | c | c | } \hline { \text { Customer } } & \text { Annual Volume } & \text { X-Coordinate } & \text { Y-Coordinate } \\\hline \text { Florida } & 7 & 3 & 7 \\\hline \text { Desire } & 39 & 7 & 5 \\\hline \text { Lafitte } & 245 & 1 & 3 \\\hline \text { Iberville } & 116 & 2 & 5 \\\hline \text { Guste } & 55 & 1 & 6 \\\hline \text { CJ Peete } & 284 & 1 & 4 \\\hline\end{array}$$

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Definitions:

Severe Recession

A period of significant economic decline that is longer and more destructive than a standard recession, often characterized by high unemployment, falling prices, and low levels of production and investment.

Economy

The system of production, distribution, and consumption of goods and services within a particular geographical region.

Point P

This term could be referring to a specific point on a graph or chart, usually in a mathematical or economic context, representing a particular value or condition.

Production Possibilities Curve

A graphical representation showing the maximum quantity of goods and services that an economy can produce when all resources are fully employed.