One way to allocate road space in a congested city would be to charge drivers to use the roads. One reason why this policy is likely to result in a more efficient allocation of resources is because A. incentives to build new roads would be higher. B. only higher-income drivers would choose to use the roads. C. road use would be rationed to drivers who benefit from it the most. D. the government would raise a large amount of revenue from drivers.

One way to allocate road space in a congested city would be to charge drivers to use the roads. One reason why this policy is likely to result in a more efficient allocation of resources is because A. incentives to build new roads would be higher. B. only higher-income drivers would choose to use the roads. C. road use would be rationed to drivers who benefit from it the most. D. the government would raise a large amount of revenue from drivers.

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter7: Linear Regression

Section: Chapter Questions

Problem 1C: Alumni donations are an important source of revenue for colleges and universities. If administrators...

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