| Given the information below about crop production in von Thunen’s “Isolated State”, answer the following questions about land use. | ||||||
| Corn | Wheat | Rice | ||||
| Q | Bushels per acre | 75 | 100 | 125 | ||
| P | Price per bushel | 15 | 12 | 9 | ||
| c | Cost per bushel | 6 | 8 | 2 | ||
| f | transport cost per bushel per mile | 5 | 2 | 5 | ||
| K | miles from the market | |||||
| 1. Express the relationship between location rent and distance for each crop. | ||||||
| 2. What is the location rent associated with each crop at the market? | ||||||
| 3. What is the spatial extent of production for each crop? | ||||||
| 4. Graph location rent as a function of distance. | ||||||