DUE NOW. Please answer it with the complete solution answered correctly, neatly, and detailed. Thanks! 1. A city in Metro Manila conducted a survey on selling a Modernized PUV.They have surveyed 2 questions to the 1000 Filipino jeepneydrivers/operators.a. Question 1:Would you buy a Modernized PUV for P50,000/month? 20 peopleWould you buy a Modernized PUV for P5,000/month? 700 peopleWould you buy a Modernized PUV for P500/month? 900 peopleWould you buy a Modernized PUV for P50/month? 1000 peopleb. Question 2:Would you sellWould you sellWould you sellyour Modernized PUV for P50,000/month? 950 peopleyour Modernized PUV for P5,000/month? 500 peopleyour Modernized PUV for P500/month? 90 peopleWould you sell your Modernized PUV for P50/month? 3 personWhat would be the suitable balance of price? (Hint: Use two-point formula)What would be the number of people interested?

Step 1:The price point at which the number of persons interested in purchasing the Modernised PUV…

Answered: 1. A city in Metro Manila conducted a…

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 7P

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An individual is planning to take an 800-mile trip between two large cities. Three possibilities exist: air, rail, or auto. The person is willing to pay $25 for every hour saved in making the trip. The trip by air costs $650 and travel time is 10 hours, by rail the cost is $450 and travel time is 15 hours, and by auto the cost is $250 and travel time is 20 hours. Which mode is the best choice?
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