Miniville is an isolated town located on the southern shore of Lake Condescending, a very large lake. The western edge of Miniville is adjacent to impassable mountains and there are no towns or businesses for many miles to the east. The 300 residents of Miniville are evenly distributed along 3 miles of shoreline on the lake, east of the mountains. Lake Shore Drive, the only street in town, provides access to Miniville's homes and businesses. All residents live between the lake and the street; businesses locate on the other side of the street. Lake Shore Drive is 3 miles long, and the points labeled A, B, and C are 1, 2, and 3 miles from the western end of Lake Shore Drive, respectively. All residents of Miniville shop at the store located closest to their homes. 

src="https://sciemce.com/media/4/ppg__rrr0818190951__f1q363g1.jpg" alt="" style="vertical-align: 0.0px;" height="117" width="538" />If the first store to open in Miniville is located at A, to maximize the number of customers it attracts, the next store to open should locate:

A. at B.
B. at C.
C. just west of A.
D. just east of A.

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Answer: D

Economics

What does it mean to collude?

a. to get together and agree to act jointly in pricing and other matters b. to refuse to cooperate with other competitors in the industry c. to restrict the amount of foreign goods than can be imported d. to require a customer who buys one product to buy a tying good

An economy's marginal social benefit curve for a private good is obtained by summing the individual marginal

a) cost curves horizontally b) benefit curves vertically c) benefit curves diagonally d) benefit curves horizontally

Based on the information in the table, if the public had not decided to hold more currency in 1932, but the actions of the Federal Reserve and the banks remained the same, the money supply at the end of 1932 would have been:  Currency held by public (in billions)Reserve-deposit ratioBank reserves (in billions)Money supply (in billions)December 1931$4.590.095$3.11$37.3December 1932$4.820.109$3.18$34.0

A. $33.8 billion B. $36.1 billion C. $34.2 billion D. $35.9 billion

In financial markets, buyers are people who:

A. have cash promised to them at some future date. B. have cash on hand and are willing to let others use it, for a price. C. want to spend money on something of value right now, but don't have cash on hand. D. want to spend money on something of big value in the future, but don't know how to save for it.