Question: Consider a boutique hat store that is trving to decide where to locate a new cadet. There are too possible locations. one in a high-income
Consider a boutique hat store that is trving to decide where to locate a new cadet. There are too possible locations. one in a high-income community, where montidy incore a 510.000, and coz ha middle-income community, where monthly income B $5.000. In both communities, the store's potential customers are spread along a line at one kilometre increments along the line there are clusters of 100 potential austomers, in bath communities, a consumer will buy one hat per month, provided the total price that they par, including the cost of transportation, is not more than 0.00250), where lis the consumer's monthly income. The price of a hat at the store in either community is $10 Round trip transportation costs are 0.000110 per kilometre
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
