Question: We never showed that the value found in computing the optimal t with the Marginal Value Theorem is in fact a maximum. For each of
1. Suppose F(t) = t / 1 + t and travel time is τ = 1.
2. Suppose F(t) is any function with F"(t) < 0 and travel time is τ = 1.
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1 Rt t 1 t 2 so Rt 2t 2 t 1 4 which is negative at t 1 the opt... View full answer
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