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environmental and resource economics

 
 
Reply Sun 26 Apr, 2020 10:03 am
Consider a city council sewage system that produces bad smell ( S) which decreases with distance (d) in kilometers. As a manager of the sewage system, you are looking for a house as close to the sewage system as possible, and the perceived damage is $1 per unit of bad smell which is directly associated with the location of the house. The travel cost between your house and the sewage system is 4d one way. Write expression of total cost (TC) as a function of distance (d).
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maxdancona
 
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Reply Sun 26 Apr, 2020 12:04 pm
@mtendeeric,
This is just algebra, right?

Can you set up the two relations... then I will help you through it.
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