Question: Given the utility expression U k = A k - 0 . 0 5 T a - 0 . 0 4 T w - 0

Given the utility expression
Uk=Ak-0.05Ta-0.04Tw-0.02Tr-0.01C
where Ta is the access time, Tw is the waiting time, Tr is the riding time, and C is the out-
of-pocket cost.
a) Apply the logit model to calculate the shares of the automobile mode (Ak=}
0.005 and a mass-transit mode (Ak=-0.05) if
b) Estimate the patronage shift that would result from the doubling the bus out-
of-pocket cost.
Given the utility expression U k = A k - 0 . 0 5

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