Question: ( 1 3 points ) Recall the locational indifference condition in the model of housing prices with commuting costs: P * h ( x )

(13 points) Recall the locational indifference condition in the model of housing prices with commuting costs:
P*h(x)+x*t=0
a.(1 point) If h(x)=750, have we modeled consumers as being able to substitute housing quantity for distance (or vice versa)? How do you know?
(13 points) Recall the locational indifference condition in the model of

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