lab7_8_answers

Figure 1 illustration of the maximization problem our

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Unformatted text preview: ies. Figure 1: Illustration of the maximization problem Our data are approximations of the actual numbers we present below Average Annual Wage for Economists (BLS) Price of residential housing (Zillow) Average Population density (U.S. Bureau of the Census) ) City area per person (U.S. Bureau of the Census) Des Moines $62K $103/sq. ft. 2516/sq.mile 11000 sq ft U.S. Bureau of Labor Statistics 2011 Occupation al Employment Statistics http://stats.bls.gov/oes/current/oessrcma.htm http://www.zillow.com/ U.S. Bureau of the Census. 2011 American Community Survey http://factfinder2.census.gov/faces/nav/jsf/pages/index.xh html San Francisco $127K $421/sq. ft. 17179/sq. mile . 1742 sq ft...
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