economics

ANSWER ALL THESE SHORT ESSAY QUESTIONS. BE CLEAR. MINIMUM WORDS: 250. MAXIMUM WORDS: 400. SINGLE SPACE.

1- Using the concepts underlying the Bid Rent Function, and the role of commuting costs and housing prices, explain tailgating patterns at a typical FSU home football game in Tallahassee

2- Policymakers in Mumbai and local business leaders believe the city’s urban slums are a blight and should be bulldozed because they are inefficient, disorderly, and unproductive. Evaluate this observation within the context of the concepts and material discussed in class.

3- Local policymakers are encouraging urban growth and development. If Tallahassee is successful in encouraging growth, including revitalizing the downtown area, what are the implications for the rate of change in housing prices closer into the city compared to the outer edges of the city based on the Bid Rent Function?