Consider a monocentric urban economy in which every household has the same income and the same tastes. One worker from each household commutes to the CBD. Amenities and public goods are the same throughout the urbanized area. Assume that annual commuting cost per mile for each commuter is t=5500. Housing is a normal good. a. Give a general expression for the slope of the housing-price curve. What are the units of the housing price curve?
b. The Smith family rents a1000 sq. foot apartment. What is the slope of the housing price curve where the Smith family lives? Explain.
c. The Jones family rents a 2000 sq. foot apartment. What is the slope of the housing price curve where the Jones family lives? Explain.
d. Which family lives closer to the city center? Explain.
e. Which family has a higher utility level? Explain?

Jason started last week with $900 in his checking account. during the week, he wrote the checks below. at the end of the week, jason received a paycheck for $534.59. he recorded all of these transactions in his check register. trans typ./ check no. date description of transaction payment/ debit deposit/ credit (+) balance 900 00 241 12/4 miller's food market 53.21 53 21 groceries 846 79 242 12/7 frank's auto parts 24.05 24 05 oil and filter 822 74 243 12/8 mike's barber shop 15.00 15 00 haircut 807 74 deposit 12/9 paycheck 534.59 534 59 1,342 33 evaluate jason's check register. a. jason did a good job; everything is correct. b. the final balance is wrong; jason did not add everything correctly. c. jason should have written debit instead of deposit for the transaction type. d. jason entered the amount for his paycheck in the wrong column.