(d) Determine the toll to yield the highest revenue fordemand and supply function in part (a), and theassociated demand and revenue A bridge has been constructed between themainland and an island. The total cost (excludingtolls) to travel across the bridge is expressed as C =50 + 0.5V, where V is the number of veh/hr and C isthe cost/vehicle in cents. The demand for travelacross the bridge is V = 2500 - 10C.

Given:- C=50+0.5V V=number of veh/hr C=cost/vehicle in cents V=2500-10C To find:- d) determine the…

Answered: yield higi emand and supply function in…

Engineering

Civil Engineering

yield higi emand and supply function in part (a), and the ssociated demand and revenue

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 3P

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Unit Conversion

Standard units are also called SI units. SI units are used for measuring a physical quantity satisfying certain conditions. There are two types of units: fundamental units and derived units. Fundamental units are physical quantities that are independent, that is, they do not depend on other quantities like mass, length, or time. There are plenty of quantities in our lives which need to be measured and compared. Measuring is the comparison of a particular physical quantity with its reference value. A unit is a measure of a fixed physical quantity. A physical quantity is the product of a unit and the numerical value we need to compare with.

Question

(d) Determine the toll to yield the highest revenue for
demand and supply function in part (a), and the
associated demand and revenue

A bridge has been constructed between the
mainland and an island. The total cost (excluding
tolls) to travel across the bridge is expressed as C =
50 + 0.5V, where V is the number of veh/hr and C is
the cost/vehicle in cents. The demand for travel
across the bridge is V = 2500 - 10C.

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