Question: A . How much is the initial Government Operating Subsidy? How much is the State s Operating Subsidy? Keep in mind that there are different

A. How much is the initial Government Operating Subsidy? How much is the States Operating Subsidy? Keep in mind that there are different subsidies mentionsonce you choose one type, please note that type. (4 Points)
B. When reviewing Exhibits 5 and 6, what data stands out as the population that is more likely to use Public Transportation?(2 Points)
C. Would Total Revenue increase or decrease if the per ride fares were increased by 10% or 15% and How much will they go up (this requires a numeric answer and you must show your work for both a 10% increase and a 15% increase for each category of mass transit)?(9 Points)
D. According to this analysis and given the data provided, can fare increases eliminate the States Operating Subsidy and why? This requires a calculation regarding what the Subsidy is prior to the price increases and after the price increases. There are a number of different subsidiesyou need to pick one and identify it (you don not need to do all of the subsidies)(2 Points)
E. What are the implications on fairness that raising prices on mass transit (in an attempt to eliminate or decrease the subsidies) creates given the various price elasticities?(3 points)

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