Please read the article titled "Amazon Plans to Put 1,000 Warehouses in Neighborhoods" that is posted under the Short Reading Assignments folder or found here: Article. Please answers to the flowing discussion questions

Bloomberg/ Article by Spencer Soper - published on 9/16/2020

Question 1: Briefly discuss the main economic motivation for Amazon implementing the plan to open operate over 1,000 new small warehouse facilities throughout the country?

Question 2: Briefly explain the distinction between in short-run versus long-run production. How are opening these warehouses and example of production in the long-run. (Hint: think about what their alternative is in the short-run if they want to ramp-up their delivery)

Question 3: Explain how opening these new warehouse facilities illustrates the important economic principles of long-run cost minimization we have learned about in the lectures? Specifically, what must true regarding the cost of these new warehouses compared to their alternative methods for delivery?

Question 4: As more consumers transition away from brick-and-mortar to online shopping, how has the real estate market for tradition brick-and-mortar, commercial retail space been affected? Specifically, how have rental prices for these spaces changes? How has this created an opportunity for companies like Amazon? What is the economic justification for this?