Lion heen construcied belweh the mainland and an island The total costareluding tolls) to travel across the bridge is expressed as C- 50+0.5V, where Vistheber o veh/h and C'is thc cost/veh in cents. The demand for travel across the bridueis V 2500-10CO Determine the volume of traffle across the bridge.a toll of 25 cents is added, what s the volume across the bridge? What volumeWould be expected with a 50 cent increaseAelbooth is to be added, thus reducing the travel time to cross the bridge. The newnction is C- 50 + 0.2V. Determine the volume of traffic that would cross thebridge.d Determine the toll to yicld the highest revenue for demand and supply function inpart (a), and the associated demand and revenue.

Volume=V=2500 - 10C Supply or cost function: C =50 + 0.5Vso,EquilibriumV=2500 - 10C50 + 0.5VSolve…

ner of veh/h and -2500-10C Determine the volume of traffic across the bridge. toll of 25 cents is added, what is the volume across the bridge? ould be expected with a 50 cent increase? tollbooth is to be added, thus reducing the travel time to cross the b st function is C-50+0.2V. Determine the volume of traffic that ridge. Determine the toll to yield the highest revenue for demand and sup art (a), and the associated demand and revenue.

ner of veh/h and -2500-10C Determine the volume of traffic across the bridge. toll of 25 cents is added, what is the volume across the bridge? ould be expected with a 50 cent increase? tollbooth is to be added, thus reducing the travel time to cross the b st function is C-50+0.2V. Determine the volume of traffic that ridge. Determine the toll to yield the highest revenue for demand and sup art (a), and the associated demand and revenue.

Traffic and Highway Engineering

5th Edition

ISBN:9781305156241

Author:Garber, Nicholas J.

Publisher:Garber, Nicholas J.

Chapter2: Transportation Systems And Organizations

Section: Chapter Questions

Problem 3P

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