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Matter transmiter for manufacturing question from 8th and 9th edition Consider a manufacturing industry that...

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Matter transmiter for manufacturing question from 8th and 9th edition Consider a manufacturing industry that exports its output by ship. Each firm has total revenue per month of $1,400 and a monthly nonland production cost of $400 Each firm initialy transports its output from its factory at location x to the port (x-0) on trucks. A firm's freight cost is $100 per block from the port Suppose a second transport option is developed: For a monthly rental cost of $300, a firm can use a matter transmitter to transport its output from its factory to the port, up to a distance of seven blocks. The marginal cost of the matter transmitter is zero Complete the table below to calculate the bid-rent schedule for manufacturers when the new technology becomes availiable. distanceTR NLC Freight old freight transmiter e Leftover using old freight Leftover using transmiter Bios-cent $1400 $400 S0 $1000 $700 1400 $400 $300 $900 1400 $400 $200 $300 $700 1400 $400 $300 $700 $700 $1400 $400 $300 $700 1400 $400 $500 $300 $500 $1400 $400 $600 $400 $700 $1400 $400 $300 $300 $700 $1400 $400 $800 $1100 $200

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