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You notice that annual housing rents decrease by $800 per unit for every mile traveling away from downtown Baltimore in a suburban ?
You notice that annual housing rents decrease by $800 per unit for every mile traveling away from downtown Baltimore in a suburban neighborhood with 0.25 acre lots. Assume that the interest rate is 4 percent, and the city boundary expands at 1 percent. Assume that the lot size and house size are fixed at all locations (i.e., no factor substitution as explained in Chapter 3).
Use your knowledge of Chapter 3 on “The Urban Land Market”.
6a. What is the slope of the housing rent per unit within the city? (5 points)
6b. What is the slope of the land price per acre within the city? (5 points)
6c. Farmland on the edge of the city boundary is selling for a price of $80,000 per acre. How much should you pay for a one acre vacant lot inside the city that is located 2 miles from the city boundary? (10 points)
3 Answers
- Anonymous4 months ago
Ecumenism = 263 heresies; each heresy leads to hell. Orthodoxy = the only true faith; Roman Catholics tried one cup - one spoon ritual and got sick with Bubonic plague; if heresy enters Orthodox monastery then monks/nuns will get sick with flu/tuberculosis (for instance); Orthodox churches who closed for COVID or had disposable cups/spoons or dipped spoon into alcohol are no longer brides of Christ (now they serve Satan and honor Satan's new COVID religion). Don’t go into UFO to be “healed” by evil demons; demons never do good.
Source(s): SSN is written as a barcode/QRcode; then it's put into a chip; chip is put into vaccine; chipped people are influenced (by super computers) to receive grey plastic card World Passport with no name on it (but when they stretch their hands to get it, gov't clerk presses secret button to administer the unforgivable green 666 tattoo by isotope rays). If you reject mark of the beast then your direct ancestors go to heaven (according to saint Vyacheslav Krasheninnikov from Ural); forgive me.
