9. Sid's Seafood is a fast food restaurant that delivers its orders. The CEO must decide...
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9. Sid's Seafood is a fast food restaurant that delivers its orders. The CEO must decide upon a location for an additional restaurant. She would like to put it on Oak Street between 0 mile road and 100th mile road (there are 100 miles between 0 mile road and 100th mile road and every mile road is the corresponding distance from 0 mile road, and Oak Street is straight). She has the option of either placing the restaurant at 18th mile road and Oak Street or 70th mile road and Oak Street. Assume that Sid's Seafood's sole objective is to minimize transportation costs. 40% of individuals make one order and all orders are delivered. Sid's Seafood serves four markets: A, B, C, and D. Market A is located at 20th mile road and Oak Street and has a population of 30,000 residents. Market B is located at 60th mile road and Oak Street and has a population of is located at 75th mile road and Oak Street and has a population of 5,000 10,000 residents. Market residents. Market D is located at 85th mile road and Oak Street and has a population of 20,000 residents. Using the "Gravity Law" of market potential, what is the market potential of locating Sid's Seafood's new restaurant at 18th mile road and Oak Street? Assume in this case that the positive constant b=1. (1) 6,249.729 (2) 1,564.102 (3) 249.729 (4) 154.762 10. Mark's lumber is located next to Ever Green Forests because it is more expensive to ship unfinished lumber than finished lumber. What will Mark's cost curve look like if the horizontal x axis, represents distance from the forest and the vertical y axis represents cost? (Ignore all other factors besides minimizing transportation costs.) (1) The cost curve will increase as we move to the right of the graph. As we get farther away from the forest, costs will increase. (2) The cost curve will decrease as we move to the right of the graph. As we get farther away from the forest, costs will decrease. (3) The cost curve will increase as we move to the right of the graph. As we get farther away from the forest, costs will decrease. (4) The cost curve cannot be determined with the information given. 9. Sid's Seafood is a fast food restaurant that delivers its orders. The CEO must decide upon a location for an additional restaurant. She would like to put it on Oak Street between 0 mile road and 100th mile road (there are 100 miles between 0 mile road and 100th mile road and every mile road is the corresponding distance from 0 mile road, and Oak Street is straight). She has the option of either placing the restaurant at 18th mile road and Oak Street or 70th mile road and Oak Street. Assume that Sid's Seafood's sole objective is to minimize transportation costs. 40% of individuals make one order and all orders are delivered. Sid's Seafood serves four markets: A, B, C, and D. Market A is located at 20th mile road and Oak Street and has a population of 30,000 residents. Market B is located at 60th mile road and Oak Street and has a population of is located at 75th mile road and Oak Street and has a population of 5,000 10,000 residents. Market residents. Market D is located at 85th mile road and Oak Street and has a population of 20,000 residents. Using the "Gravity Law" of market potential, what is the market potential of locating Sid's Seafood's new restaurant at 18th mile road and Oak Street? Assume in this case that the positive constant b=1. (1) 6,249.729 (2) 1,564.102 (3) 249.729 (4) 154.762 10. Mark's lumber is located next to Ever Green Forests because it is more expensive to ship unfinished lumber than finished lumber. What will Mark's cost curve look like if the horizontal x axis, represents distance from the forest and the vertical y axis represents cost? (Ignore all other factors besides minimizing transportation costs.) (1) The cost curve will increase as we move to the right of the graph. As we get farther away from the forest, costs will increase. (2) The cost curve will decrease as we move to the right of the graph. As we get farther away from the forest, costs will decrease. (3) The cost curve will increase as we move to the right of the graph. As we get farther away from the forest, costs will decrease. (4) The cost curve cannot be determined with the information given.
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The Gravity Law of market potential for the location at 18th mile road and Oak is equal to T18 Yada ... View the full answer
Related Book For
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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