Question: 021 Week-13 The End - BEA121 Econ x Unit Outline Proforma_University X 02L Week-12 Traffic - BEA121 Econon X + X > C amylo.utas.edu.au/d21/le/content/538624/viewContent/4743315/View M

 021 Week-13 The End - BEA121 Econ x Unit Outline Proforma_University

021 Week-13 The End - BEA121 Econ x Unit Outline Proforma_University X 02L Week-12 Traffic - BEA121 Econon X + X > C amylo.utas.edu.au/d21/le/content/538624/viewContent/4743315/View M Gmail YouTube D2L Homepage - Univer... Sf Career Opportuniti W Customer Service O.. w commonwealth Google Scholar Sf Career Opportunitic the URL of a p... New Tab G gmail - Google Sea.. Table of Contents > Learning Content > Week 13 > Week-13 The End Week-13 The End E BEA121 Tutorial Exercises 2 / 3 - 100% + (1= 10+0.02x1 1000 C2= 15+0.005x2 Figure 14.4 Two-link network x1 is the number of cars on route 1 with cost function C1=10 + 0.02x1 X2 is the number of cars on route 2 with cost function C2=15 + 0.005X2 a. Suppose that 1000 cars in total that must travel along either route 1 or 2, such 1000 = X1+X2. Use this expression to show that the number of cars on route 1, x1 is equal to X1 =1000 - X2 b. Use x1 =1000 - X2 and c1=10 + 0.02x1 to obtain an expression for the cost of traveling on route 1, c1 in terms of the number of cars in route 2, X2 c. In equilibrium the cost of travelling on route 1 must be equal to the cost of travelling on route 2, c1=c2. Set ci equal to c2 to show that x1* =400 and x2*=600. Download Print

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