Question: Question 2 ( 1 point) According to the information below, and the Bid Rent model. How far out is the farthest worker? (How long is
Question 2 ( 1 point) According to the information below, and the Bid Rent model. How far out is the farthest worker? (How long is the road?) All work is done in the City Business District (CBD) 530 workers, with one worker per household 1 road, homes on both sides, Lots are 100ft wide Workers make $30 /hour, work 25 days per month & make 2 trips per day Commute at 15mph For simplicity: a mile is 5,300ft long 4
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