All the jobs in the city are located at its centre (x=0), and wages are monthly wage is equal to 150. Living at distance

[answerhappygod]

All The Jobs In The City Are Located At Its Centre X 0 And Wages Are Monthly Wage Is Equal To 150 Living At Distance 1 (48.62 KiB) Viewed 46 times

All the jobs in the city are located at its centre (x=0), and wages are monthly wage is equal to 150. Living at distance x from the city centre imposes monthly (monetary) cost 2x on commuting. The city is open to anyone, and the monthly utility that can be achieved outside of the city is equal to 162. Individuals consume consumption good (priced at 1) and housing. Jobs at the city centre also create pollution. Consumer preferences are given by the utility function: uch,2,x)= (5 + x)[z+vn] where h is consumption of housing, and z is consumption of the composite good, and x is the distance to the city centre (because of the pollution utility is higher further away from the jobs). At which distance to the city centre are the housing prices at their highest? [Enter your answer up to the nearest integer] Ответ: