toll/veh would be T = 135 + x. In order to maximize revenues, what would the new toll charge be per vehicle, and what would the traffic in veh/day be after the toll increase?

Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
Section: Chapter Questions
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Consideration is being given to increasing the toll on a bridge now carrying
4500 veh/day. The current toll is $1.35/veh. It has been found from past
experience that the daily traffic volume will decrease by 400 veh/day for
each 25¢ increase in toll. Therefore, if x iš the increase in toll in cents/veh,
the volume equation for veh/day is V= 4500 - 400 (x/25), and the new
toll/veh would be T = 135 + x. In order to maximize revenues, what would
the new toll charge be per vehicle, and what would the traffic in veh/day
be after the toll increase?
Transcribed Image Text:Consideration is being given to increasing the toll on a bridge now carrying 4500 veh/day. The current toll is $1.35/veh. It has been found from past experience that the daily traffic volume will decrease by 400 veh/day for each 25¢ increase in toll. Therefore, if x iš the increase in toll in cents/veh, the volume equation for veh/day is V= 4500 - 400 (x/25), and the new toll/veh would be T = 135 + x. In order to maximize revenues, what would the new toll charge be per vehicle, and what would the traffic in veh/day be after the toll increase?
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