Question: 1 . A toll - free freeway has been constructed between the two cities. The total cost to travel between the two cities is expressed

1. A toll-free freeway has been constructed between the two cities. The total cost to travel between the two cities is expressed as C =45+0.6V, where C is the cost/veh in and V is the trafficvolume in veh/h. The demand for travel along the freeway is V =3500-12C. a) Determine thevolume of traffic along the freeway. b) If a toll of 50 is added, what will the volume along the freeway be? And how much revenue will be generated?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Civil Engineering Questions!