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?
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?
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 5P
Related questions
Question
![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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6ca2ae34-c283-47fe-a931-e8bb4dd5c521%2F837737ac-bf9c-4351-9465-368bf57c79ce%2Fm7jllgi_processed.jpeg&w=3840&q=75)
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?
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, civil-engineering and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Traffic and Highway Engineering](https://www.bartleby.com/isbn_cover_images/9781305156241/9781305156241_smallCoverImage.jpg)
Traffic and Highway Engineering
Civil Engineering
ISBN:
9781305156241
Author:
Garber, Nicholas J.
Publisher:
Cengage Learning
![Traffic and Highway Engineering](https://www.bartleby.com/isbn_cover_images/9781305156241/9781305156241_smallCoverImage.jpg)
Traffic and Highway Engineering
Civil Engineering
ISBN:
9781305156241
Author:
Garber, Nicholas J.
Publisher:
Cengage Learning