The per-day demand for use of a 130 km long toll highway that bypasses a heavily populated urban area is P = 100 - 2Q during peak traffic periods and shifts to P = 40 - Q during off-peak hours, where Q is the number of cars (in thousands) and P is the toll in dollars. The marginal congestion cost of using the toll highway is MC = 10 + 0.5Q. What is the off-peak price for the toll road? %3D %3D %3D $46 $25 $35 $50 $60 $28
The per-day demand for use of a 130 km long toll highway that bypasses a heavily populated urban area is P = 100 - 2Q during peak traffic periods and shifts to P = 40 - Q during off-peak hours, where Q is the number of cars (in thousands) and P is the toll in dollars. The marginal congestion cost of using the toll highway is MC = 10 + 0.5Q. What is the off-peak price for the toll road? %3D %3D %3D $46 $25 $35 $50 $60 $28
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Help me please
![Question 39
The per-day demand for use of a 130 km long toll highway that bypasses a heavily
populated urban area is P = 100 - 2Q during peak traffic periods and shifts to P = 40
- Q during off-peak hours, where Q is the number of cars (in thousands) and P is the
toll in dollars. The marginal congestion cost of using the toll highway is MC = 10 +
%3D
%3D
0.5Q. What is the off-peak price for the toll road?
$46
$25
$35
$50
$60
$28](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F840a4280-47da-4e23-821c-6fcc5123ee72%2F17011503-00f3-4416-8c00-f22f667f9287%2F26nybnt_processed.png&w=3840&q=75)
Transcribed Image Text:Question 39
The per-day demand for use of a 130 km long toll highway that bypasses a heavily
populated urban area is P = 100 - 2Q during peak traffic periods and shifts to P = 40
- Q during off-peak hours, where Q is the number of cars (in thousands) and P is the
toll in dollars. The marginal congestion cost of using the toll highway is MC = 10 +
%3D
%3D
0.5Q. What is the off-peak price for the toll road?
$46
$25
$35
$50
$60
$28
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![ENGR.ECONOMIC ANALYSIS](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Principles of Economics (12th Edition)](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
![Engineering Economy (17th Edition)](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
![ENGR.ECONOMIC ANALYSIS](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Principles of Economics (12th Edition)](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
![Engineering Economy (17th Edition)](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
![Principles of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781305585126/9781305585126_smallCoverImage.gif)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Managerial Economics: A Problem Solving Approach](https://www.bartleby.com/isbn_cover_images/9781337106665/9781337106665_smallCoverImage.gif)
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
![Managerial Economics & Business Strategy (Mcgraw-…](https://www.bartleby.com/isbn_cover_images/9781259290619/9781259290619_smallCoverImage.gif)
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education