The disadvantages of using other means of transportation by the local people to avoid congestion. Concept introduction: Congestion: Congestion is defined as the slow movement of vehicles or traffic jams on the road due to large numbers of vehicles at the same time. Toll: The toll is defined as the tax or the fee collected from the vehicle’s driver for using the roads, in order to maintain them in better condition and control congestion. Explanation: The problem of congestion on the roads can be solved if people are imposed a price for using the roads. This price is generally referred as a toll tax that reduces the number of vehicles on the road. However, the local people sometimes use another alternative to counter congestion such as access-limiting the traffic lights at freeway on-ramps. Ramp metering is also considered a good method to control congestion on the road. As everything has its boon and bane, this too has a major disadvantage. Increase in the delay time: Such method has proved to increase the delay time at every merger on the road. There are sometimes snail-paced traffic congestions with very few ramp-meters. When there is freeway then the traffic is very smooth but once it slows down, there is gridlock everywhere.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 24, Problem 1DQ

To determine

The disadvantages of using other means of transportation by the local people to avoid congestion.

Concept introduction:

Congestion:

Congestion is defined as the slow movement of vehicles or traffic jams on the road due to large numbers of vehicles at the same time.

Toll:

The toll is defined as the tax or the fee collected from the vehicle’s driver for using the roads, in order to maintain them in better condition and control congestion.

Explanation:

The problem of congestion on the roads can be solved if people are imposed a price for using the roads. This price is generally referred as a toll tax that reduces the number of vehicles on the road.

However, the local people sometimes use another alternative to counter congestion such as access-limiting the traffic lights at freeway on-ramps. Ramp metering is also considered a good method to control congestion on the road.

As everything has its boon and bane, this too has a major disadvantage.

Increase in the delay time: Such method has proved to increase the delay time at every merger on the road. There are sometimes snail-paced traffic congestions with very few ramp-meters. When there is freeway then the traffic is very smooth but once it slows down, there is gridlock everywhere.

Expert Solution & Answer

Explanation of Solution

The problem of congestion on the roads can be solved if people are imposed a price for using the roads. This price is generally referred as a toll tax that reduces the number of vehicles on the road.

However, the local people sometimes use another alternative to counter congestion such as access-limiting the traffic lights at freeway on-ramps. Ramp metering is also considered a good method to control congestion on the road.

As everything has its boon and bane, this too has a major disadvantage.

Increase in the delay time: Such method has proved to increase the delay time at every merger on the road. There are sometimes snail-paced traffic congestions with very few ramp-meters. When there is freeway then the traffic is very smooth but once it slows down, there is gridlock everywhere.

Economics Concept Introduction

Concept introduction:

Congestion:

Congestion is defined as the slow movement of vehicles or traffic jams on the road due to large numbers of vehicles at the same time.

Toll:

The toll is defined as the tax or the fee collected from the vehicle’s driver for using the roads, in order to maintain them in better condition and control congestion.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

At the 8:10 café, there are equal numbers of two types of customers with the following values. The café owner cannot distinguish between the two types of students because many students without early classes arrive early anyway (that is she cannot price discriminate). Students with early classes Students without early classes Coffee 70 60 Banana 50 100 The MC of coffee is 10. The MC of a banana is 40. Is bundling more profitable than selling separately? HINT: if you sell the bundle, can you make more by offering coffee separately? If so, what price should be charged for the bundle? (Show calculations)

Your marketing department has identified the following customer demographics in the following table. Construct a demand curve and determine the profit maximizing price as well as the expected profit if MC=$1. The number of customers in the target population is 10,000. Use the following demand data: Group Value Frequency Baby boomers $5 20% Generation X $4 10% Generation Y $3 10% `Tweeners $2 10% Seniors $2 10% Others $0 40%

Your marketing department has identified the following customer demographics in the following table. Construct a demand curve and determine the profit maximizing price as well as the expected profit if MC=$1. The number of customers in the target population is 10,000. Group Value Frequency Baby boomers $5 20% Generation X $4 10% Generation Y $3 10% `Tweeners $2 10% Seniors $2 10% Others $0 40% ur marketing department has identified the following customer demographics in the following table. Construct a demand curve and determine the profit maximizing price as well as the expected profit if MC=$1. The number of customers in the target population is 10,000.

Answer 2

Question

Chapter 24, Problem 1DQ

To determine

The disadvantages of using other means of transportation by the local people to avoid congestion.

Concept introduction:

Congestion:

Congestion is defined as the slow movement of vehicles or traffic jams on the road due to large numbers of vehicles at the same time.

Toll:

The toll is defined as the tax or the fee collected from the vehicle’s driver for using the roads, in order to maintain them in better condition and control congestion.

Explanation:

The problem of congestion on the roads can be solved if people are imposed a price for using the roads. This price is generally referred as a toll tax that reduces the number of vehicles on the road.

However, the local people sometimes use another alternative to counter congestion such as access-limiting the traffic lights at freeway on-ramps. Ramp metering is also considered a good method to control congestion on the road.

As everything has its boon and bane, this too has a major disadvantage.

Increase in the delay time: Such method has proved to increase the delay time at every merger on the road. There are sometimes snail-paced traffic congestions with very few ramp-meters. When there is freeway then the traffic is very smooth but once it slows down, there is gridlock everywhere.

Expert Solution & Answer

Explanation of Solution

The problem of congestion on the roads can be solved if people are imposed a price for using the roads. This price is generally referred as a toll tax that reduces the number of vehicles on the road.

However, the local people sometimes use another alternative to counter congestion such as access-limiting the traffic lights at freeway on-ramps. Ramp metering is also considered a good method to control congestion on the road.

As everything has its boon and bane, this too has a major disadvantage.

Increase in the delay time: Such method has proved to increase the delay time at every merger on the road. There are sometimes snail-paced traffic congestions with very few ramp-meters. When there is freeway then the traffic is very smooth but once it slows down, there is gridlock everywhere.

Economics Concept Introduction

Concept introduction:

Congestion:

Congestion is defined as the slow movement of vehicles or traffic jams on the road due to large numbers of vehicles at the same time.

Toll:

The toll is defined as the tax or the fee collected from the vehicle’s driver for using the roads, in order to maintain them in better condition and control congestion.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 24, Problem 1DQ

To determine

The disadvantages of using other means of transportation by the local people to avoid congestion.

Concept introduction:

Congestion:

Congestion is defined as the slow movement of vehicles or traffic jams on the road due to large numbers of vehicles at the same time.

Toll:

The toll is defined as the tax or the fee collected from the vehicle’s driver for using the roads, in order to maintain them in better condition and control congestion.

Explanation:

The problem of congestion on the roads can be solved if people are imposed a price for using the roads. This price is generally referred as a toll tax that reduces the number of vehicles on the road.

However, the local people sometimes use another alternative to counter congestion such as access-limiting the traffic lights at freeway on-ramps. Ramp metering is also considered a good method to control congestion on the road.

As everything has its boon and bane, this too has a major disadvantage.

Increase in the delay time: Such method has proved to increase the delay time at every merger on the road. There are sometimes snail-paced traffic congestions with very few ramp-meters. When there is freeway then the traffic is very smooth but once it slows down, there is gridlock everywhere.

Expert Solution & Answer

Explanation of Solution

The problem of congestion on the roads can be solved if people are imposed a price for using the roads. This price is generally referred as a toll tax that reduces the number of vehicles on the road.

However, the local people sometimes use another alternative to counter congestion such as access-limiting the traffic lights at freeway on-ramps. Ramp metering is also considered a good method to control congestion on the road.

As everything has its boon and bane, this too has a major disadvantage.

Increase in the delay time: Such method has proved to increase the delay time at every merger on the road. There are sometimes snail-paced traffic congestions with very few ramp-meters. When there is freeway then the traffic is very smooth but once it slows down, there is gridlock everywhere.

Economics Concept Introduction

Concept introduction:

Congestion:

Congestion is defined as the slow movement of vehicles or traffic jams on the road due to large numbers of vehicles at the same time.

Toll:

The toll is defined as the tax or the fee collected from the vehicle’s driver for using the roads, in order to maintain them in better condition and control congestion.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 24, Problem 1DQ

To determine

The disadvantages of using other means of transportation by the local people to avoid congestion.

Concept introduction:

Congestion:

Congestion is defined as the slow movement of vehicles or traffic jams on the road due to large numbers of vehicles at the same time.

Toll:

The toll is defined as the tax or the fee collected from the vehicle’s driver for using the roads, in order to maintain them in better condition and control congestion.

Explanation:

The problem of congestion on the roads can be solved if people are imposed a price for using the roads. This price is generally referred as a toll tax that reduces the number of vehicles on the road.

However, the local people sometimes use another alternative to counter congestion such as access-limiting the traffic lights at freeway on-ramps. Ramp metering is also considered a good method to control congestion on the road.

As everything has its boon and bane, this too has a major disadvantage.

Increase in the delay time: Such method has proved to increase the delay time at every merger on the road. There are sometimes snail-paced traffic congestions with very few ramp-meters. When there is freeway then the traffic is very smooth but once it slows down, there is gridlock everywhere.

Expert Solution & Answer

Explanation of Solution

The problem of congestion on the roads can be solved if people are imposed a price for using the roads. This price is generally referred as a toll tax that reduces the number of vehicles on the road.

However, the local people sometimes use another alternative to counter congestion such as access-limiting the traffic lights at freeway on-ramps. Ramp metering is also considered a good method to control congestion on the road.

As everything has its boon and bane, this too has a major disadvantage.

Increase in the delay time: Such method has proved to increase the delay time at every merger on the road. There are sometimes snail-paced traffic congestions with very few ramp-meters. When there is freeway then the traffic is very smooth but once it slows down, there is gridlock everywhere.

Economics Concept Introduction

Concept introduction:

Congestion:

Congestion is defined as the slow movement of vehicles or traffic jams on the road due to large numbers of vehicles at the same time.

Toll:

The toll is defined as the tax or the fee collected from the vehicle’s driver for using the roads, in order to maintain them in better condition and control congestion.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 24, Problem 1DQ

To determine

The disadvantages of using other means of transportation by the local people to avoid congestion.

Concept introduction:

Congestion:

Congestion is defined as the slow movement of vehicles or traffic jams on the road due to large numbers of vehicles at the same time.

Toll:

The toll is defined as the tax or the fee collected from the vehicle’s driver for using the roads, in order to maintain them in better condition and control congestion.

Explanation:

The problem of congestion on the roads can be solved if people are imposed a price for using the roads. This price is generally referred as a toll tax that reduces the number of vehicles on the road.

However, the local people sometimes use another alternative to counter congestion such as access-limiting the traffic lights at freeway on-ramps. Ramp metering is also considered a good method to control congestion on the road.

As everything has its boon and bane, this too has a major disadvantage.

Increase in the delay time: Such method has proved to increase the delay time at every merger on the road. There are sometimes snail-paced traffic congestions with very few ramp-meters. When there is freeway then the traffic is very smooth but once it slows down, there is gridlock everywhere.

Expert Solution & Answer

Explanation of Solution

The problem of congestion on the roads can be solved if people are imposed a price for using the roads. This price is generally referred as a toll tax that reduces the number of vehicles on the road.

However, the local people sometimes use another alternative to counter congestion such as access-limiting the traffic lights at freeway on-ramps. Ramp metering is also considered a good method to control congestion on the road.

As everything has its boon and bane, this too has a major disadvantage.

Increase in the delay time: Such method has proved to increase the delay time at every merger on the road. There are sometimes snail-paced traffic congestions with very few ramp-meters. When there is freeway then the traffic is very smooth but once it slows down, there is gridlock everywhere.

Economics Concept Introduction

Concept introduction:

Congestion:

Congestion is defined as the slow movement of vehicles or traffic jams on the road due to large numbers of vehicles at the same time.

Toll:

The toll is defined as the tax or the fee collected from the vehicle’s driver for using the roads, in order to maintain them in better condition and control congestion.

Answer 6

Chapter 24, Problem 1DQ

To determine

The disadvantages of using other means of transportation by the local people to avoid congestion.

Concept introduction:

Congestion:

Congestion is defined as the slow movement of vehicles or traffic jams on the road due to large numbers of vehicles at the same time.

Toll:

The toll is defined as the tax or the fee collected from the vehicle’s driver for using the roads, in order to maintain them in better condition and control congestion.

Explanation:

The problem of congestion on the roads can be solved if people are imposed a price for using the roads. This price is generally referred as a toll tax that reduces the number of vehicles on the road.

However, the local people sometimes use another alternative to counter congestion such as access-limiting the traffic lights at freeway on-ramps. Ramp metering is also considered a good method to control congestion on the road.

As everything has its boon and bane, this too has a major disadvantage.

Increase in the delay time: Such method has proved to increase the delay time at every merger on the road. There are sometimes snail-paced traffic congestions with very few ramp-meters. When there is freeway then the traffic is very smooth but once it slows down, there is gridlock everywhere.

Expert Solution & Answer

Explanation of Solution

The problem of congestion on the roads can be solved if people are imposed a price for using the roads. This price is generally referred as a toll tax that reduces the number of vehicles on the road.

However, the local people sometimes use another alternative to counter congestion such as access-limiting the traffic lights at freeway on-ramps. Ramp metering is also considered a good method to control congestion on the road.

As everything has its boon and bane, this too has a major disadvantage.

Increase in the delay time: Such method has proved to increase the delay time at every merger on the road. There are sometimes snail-paced traffic congestions with very few ramp-meters. When there is freeway then the traffic is very smooth but once it slows down, there is gridlock everywhere.

Economics Concept Introduction

Concept introduction:

Congestion:

Congestion is defined as the slow movement of vehicles or traffic jams on the road due to large numbers of vehicles at the same time.

Toll:

The toll is defined as the tax or the fee collected from the vehicle’s driver for using the roads, in order to maintain them in better condition and control congestion.

Answer 7

Chapter 24, Problem 1DQ

To determine

The disadvantages of using other means of transportation by the local people to avoid congestion.

Concept introduction:

Congestion:

Congestion is defined as the slow movement of vehicles or traffic jams on the road due to large numbers of vehicles at the same time.

Toll:

The toll is defined as the tax or the fee collected from the vehicle’s driver for using the roads, in order to maintain them in better condition and control congestion.

Explanation:

The problem of congestion on the roads can be solved if people are imposed a price for using the roads. This price is generally referred as a toll tax that reduces the number of vehicles on the road.

However, the local people sometimes use another alternative to counter congestion such as access-limiting the traffic lights at freeway on-ramps. Ramp metering is also considered a good method to control congestion on the road.

As everything has its boon and bane, this too has a major disadvantage.

Increase in the delay time: Such method has proved to increase the delay time at every merger on the road. There are sometimes snail-paced traffic congestions with very few ramp-meters. When there is freeway then the traffic is very smooth but once it slows down, there is gridlock everywhere.

Answer 8

Expert Solution & Answer

Explanation of Solution

The problem of congestion on the roads can be solved if people are imposed a price for using the roads. This price is generally referred as a toll tax that reduces the number of vehicles on the road.

However, the local people sometimes use another alternative to counter congestion such as access-limiting the traffic lights at freeway on-ramps. Ramp metering is also considered a good method to control congestion on the road.

As everything has its boon and bane, this too has a major disadvantage.

Increase in the delay time: Such method has proved to increase the delay time at every merger on the road. There are sometimes snail-paced traffic congestions with very few ramp-meters. When there is freeway then the traffic is very smooth but once it slows down, there is gridlock everywhere.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Economics Concept Introduction

Concept introduction:

Congestion:

Congestion is defined as the slow movement of vehicles or traffic jams on the road due to large numbers of vehicles at the same time.

Toll:

The toll is defined as the tax or the fee collected from the vehicle’s driver for using the roads, in order to maintain them in better condition and control congestion.

Answer 12

Ch. 24 - Prob. 1DQ Ch. 24 - Prob. 2DQ Ch. 24 - Prob. 3DQ Ch. 24 - Prob. 4DQ Ch. 24 - Prob. 5DQ Ch. 24 - Prob. 6DQ

Explanation of Solution

Want to see more full solutions like this?

Chapter 24 Solutions