Question: ( b ) Given the utility equation: U k = a k - 0 . 0 0 3 1 - 0 . 0 4 x

(b) Given the utility equation:
Uk=ak-0.0031-0.04x2
Where x1= travel cost (pence) and x2= travel time (mins)
Calculate the market shares of the following modes between two towns
using the logit model
( b ) Given the utility equation: U k = a k - 0 .

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