Exam_1_Graphs - Increase t Increase a a m* Localization...

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Exam 1 Graphs
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Bid-rent function in the simple model rent m - miles P-w-k How do the following changes affect bid-rent function/size of city? Increase P Increase w Increase k
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Unformatted text preview: Increase t Increase a a m* Localization Economies Figure 3.7 Output Cost Urbanization (Dis-) Economies Figure 3.6 A B S D VMP W* W** L* L**...
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Exam_1_Graphs - Increase t Increase a a m* Localization...

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