Bart wurst runs the only hot-dog stand in a large park in a large boring town. on sundays people in this town all sit in the park and sunbathe. for any t between 0 and 30, the number of people who are sitting within t minutes of bart’s stand is 15t 2 . people in bart’s town are lazy and hate to walk. they think that every minute of walking they do is as bad as spending $0.10. everybody in the park has a reservation price of $1 for a hot dog, where the cost of a hot dog includes the subjective cost of walking as well as the money price they have to pay when they get there. (nobody has ever thought of fetching a hot dog for someone else.) find a formula for the market demand for bart’s hot dogs. explain how you got it.

Anew japanese restaurant opens two blocks from your home. the owner, reiko, is a personal friend of yours. you don't particularly like japanese food, but you decide to go anyway; however, there is nothing on the menu that sounds appealing. unfortunately, it turns out that most of the people in your town don't like japanese cuisine either. reiko confides that business is not good, but she isn't sure what to do from an economic standpoint. which of the following would most likely describe adam smith's perspective on this problem? select one: a. reiko should ask the government for assistance. b. reiko should close the restaurant and find a different career. c. reiko should lay off workers and do everything herself to save money. d. reiko should add other foods to the menu and offer discounts to attract more people to her restaurant.