Question: Mono-Centric City Model Let's consider a typical example of rents in a simple city in which urban density averages around 4 units (households) per acre

Mono-Centric City Model

Let's consider a typical example of rents in a simple city in which urban density averages around 4 units (households) per acre or 2,560 households per square miles (q=0.0004) square miles).A structure costing $100,000 to build would rent for $7,000 per year using a 7% interest rate. Annual agricultural rental income from farming tends to fluctuate around $1,000 per acre, or $640,000 annually per square mile.

4(c). Find the annual house rent, structure rent, and agriculture rent at the city border?

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