3. In a von Thunen model with homogeneous labor with subways and cars, an improvement in automobile speed (e.g. due to better roads) will . . . A. Raise rents in the areas where the residents use cars, because these areas are more attractive now. B. Raise rents in the areas where the residents use subways because landlords there feel less com- petitive pressure from the landlords in the automobile areas. C. Reduce the number of people living in areas where people use cars because the price of housing is higher there. D. None of the above.
3. In a von Thunen model with homogeneous labor with subways and cars, an improvement in automobile speed (e.g. due to better roads) will . . .
A. Raise rents in the areas where the residents use cars, because these areas are more attractive now.
B. Raise rents in the areas where the residents use subways because landlords there feel less com- petitive pressure from the landlords in the automobile areas.
C. Reduce the number of people living in areas where people use cars because the price of housing is higher there.
D. None of the above.
The Von Thunen model of agricultural land use which explains the relationship between the cost of land and the cost to transport the crop to market.
In a von Thunen model with homogeneous labor with subways and cars, an improvement in automobile speed (e.g. due to better roads) will raise rents in the areas where the residents use cars, because these areas are more attractive now.
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