A bridge has been constructed between the mainland and an island. The total cost (excluding tolls) to travel across the bridge is expressed as C- 50 + 0.5V, where V is the number of veh/hr and Cis the cost/vehicle in cents. The demand for travel across the bridge is V- 2500 - 10C. (a) Determine the volume of traffic across the bridge. (b) If a toll of 25 cents is added, what is the volume across the bridge? What volume would be expected with a 50 cent increase? (c) A tollbooth is to be added, thus reducing the travel time to cross the bridge. The new cost function is C- 50 + 0.2V. Determine the volume of traffic that would cross the bridge

A bridge has been constructed between the mainland and an island. The total cost (excluding tolls) to travel across the bridge is expressed as C- 50 + 0.5V, where V is the number of veh/hr and Cis the cost/vehicle in cents. The demand for travel across the bridge is V- 2500 - 10C. (a) Determine the volume of traffic across the bridge. (b) If a toll of 25 cents is added, what is the volume across the bridge? What volume would be expected with a 50 cent increase? (c) A tollbooth is to be added, thus reducing the travel time to cross the bridge. The new cost function is C- 50 + 0.2V. Determine the volume of traffic that would cross the bridge

Traffic and Highway Engineering

5th Edition

ISBN:9781305156241

Author:Garber, Nicholas J.

Publisher:Garber, Nicholas J.

Chapter2: Transportation Systems And Organizations

Section: Chapter Questions

Problem 3P

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A toll bridge carries 5000 veh/day. the current tol is 50 cents. When the toll is increased by P0. 25. Traffic volume decreases by 5000 veh/day. Det. the additional amount of toll that should be charged such that the revenue is maximized.
A bridge has been constructed between the mainland and an island. The total cost (excludingtolls) to travel across the bridge is expressed as C = 50 + 0.5V, where V is the number ofveh/hr and C is the cost/veh in pesos. The demand for travel across the bridge is V = 2500 −10C.a. Determine the volume of traffic across the bridge.b. If a toll of 25 pesos is added, what is the volume across the bridge?c. A tollbooth is to be added, thus reducing the travel time to cross the bridge. The new costfunction is C = 50 + 0.2V. Determine the volume of traffic that would cross the bridge.
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Plz, solve this problem by using the table. Transportation Engineering-2