The following question relate to a community that is circular in nature with a one mile circumference. There are 81 people evenly distributed around the lake where the town is built. The travel cost is $10 per mile, a restaurant costs $100 to set up, and the cost per meal is $2. On your graph, vertically sum the two total cost curves and show what the optimal number of restaurants should be. Use the five points calculated to sum the total cost curves. Round off small residuals to the nearest whole number.
What will be an ideal response?
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