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__f1q218g1.jpg" alt="" style="vertical-align: 0.0px;" height="117" width="538" />If one store is located at A and the other store is located at C:

A. 100 people will certainly shop at each store, but where the other 100 will shop is indeterminant.
B. 100 people will shop at the store at A, and 200 people will shop at the store at C.
C. 200 people will shop at the store at A, and 100 people will shop at the store at C.
D. 150 people will shop at each store.


Answer: C

Economics

You might also like to view...

The definition of the velocity of money is

a. the money supply multiplied by prices divided by transactions. b. the number of times a unit of currency changes hands over a perid. c. money supply times prices divided by transactions. d. the fraction of total income held as money.

Economics

A tit for tat strategy a. Generates the same result as the prisoner's dilemma

b. Provides a way to punish rivals who defect from the jointly optimum behavior c. Means that a firm would cooperate as long as other firms cooperated. d. Both b. and c. are true

Economics

Factories, production equipment, and machinery refer to a nation’s

A. equity. B. human capital. C. capital. D. savings and investments.

Economics

Figure 10-1 ? If the price level in Figure 10-1 were 100,

A. firms would have to lower their prices. B. inventories would be accumulating. C. shortages of goods would exist. D. aggregate quantity demanded would exceed aggregate quantity supplied. E. both c and d would occur.

Economics