At 5PM there are 1,000 cars on a highway slowly moving towards home. Adding another car to
Question:
At 5PM there are 1,000 cars on a highway slowly moving towards home. Adding another car to the highway slows everyone down slightly, increasing the time it takes each person/car to get home by four seconds. How much should the additional car be charged to enter the highway? Assume that people value their time at $15 per hour.
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The additional car slows 1000 people down by 4 seconds each or 4000 seconds or 111 hours ...View the full answer
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Sultan Ghulam Dastgir
The following are details of my Areas of Effectiveness English Language Proficiency, Organization Behavior , consumer Behavior and Marketing, Communication, Applied Statistics, Research Methods , Cognitive & Affective Processes, Cognitive & Affective Processes, Data Analysis in Research, Human Resources Management ,Research Project,
Social Psychology, Personality Psychology, Introduction to Applied Areas of Psychology,
Behavioral Neurosdence , Historical and Contemporary Issues in Psychology, Measurement in Psychology, experimental Psychology,
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