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Price per Crossing Number of Crossings, in Thousands $8 100 200 5 300 400 500 2 600 700 800

Price per Crossing Number of Crossings, in Thousands $8 100 200 5 300 400 500 2 600 700 800

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A company is considering building a bridge across a river. The bridge would cost $2 million to build and nothing to maintain. The following table shows the company’s anticipated demand over the lifetime of the bridge:

 

If the government were to build the bridge, what price should it charge?

Price per Crossing Number of Crossings, in Thousands $8 100 200 5 300 400 500 2 600 700 800
Transcribed Image Text:Price per Crossing Number of Crossings, in Thousands $8 100 200 5 300 400 500 2 600 700 800
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