Exam 5: Market Determinants of Value

Which of the following models of urban form is characterized by radial corridors or wedges representing the pattern of residential land use in relation to the location of the central business district (CBD)?

Using the following information,determine the location quotient for Motor City.Employment in Motor Vehicle Manufacturing within Motor City: 12,643;Total Employment in Motor City: 560,379;Employment in Motor Vehicle Manufacturing (nationally): 152,750;Total Employment (nationally): 106,201,232

A city's economic base can be viewed in terms of a multiplier process,in which the money that is brought in through export activities is then respent within the city.Which of the following economic activities is the least likely to be considered a high-impact or high-multiplier economic base activity?

A new faculty member at the local university pays $1500 per month to rent an apartment in the downtown area.She teaches on campus 3 days a week and works from home the remaining 2 days.On the days in which she must commute,given the heavy traffic congestion,it takes her 2 hours to commute from downtown to campus.According to the assumptions of the bid-rent model,what should this professor be willing to pay in rent per month to live near campus if her hourly wage rate is $25? (In your calculations,assume there are 4 weeks in a given month)

Based on the following information,determine the location quotient for Amusement City and whether this city has a competitive advantage in the amusement industry.Employment in Amusements and Recreation in Amusement City: 54,446;Total Employment in Amusement City: 578,477;Employment in Amusements and Recreation (nationally): 1,381,377;Total Employment (nationally): 106,201,232.

An important effect of agglomeration economies on real estate is its impact upon market risk.Based on your understanding of this relation,which of the following statements is TRUE?