Figure 15.3 depicts a one-mile stretch of beach with 100 swimmers distributed evenly along the beach. There are two ice cream vendors - 1 and 2 - on the beach selling an identical product. Assume that each swimmer buys only one ice cream cone and that they prefer to buy ice cream from the nearer vendor. If vendor 1 is at A while vendor 2 is at D, vendor 1 will sell ________ ice cream cones while vendor 2 sells ________ ice cream cones.
A. 40; 60
B. 45; 55
C. 55; 45
D. 60; 40
Answer: A
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What will be an ideal response?
Changes in the ______________ rate of return will shift demand and supply for a currency.
a. historical b. expected c. actual d. immediate
An important source of productivity in human capital is the location of the labor force living in cities
Indicate whether the statement is true or false