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Suppose customers are distributed on a one---directional path (e.g., to the east) as follows.

A company has to deliver a unit of its good to each customer and incurs a cost of $1 per unit and mile. Each unit needs to delivered separately.

(a) Where is the median customer located?

(b) Where is the delivery cost minimizing location and what is its delivery cost?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91720424

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