Consideration is being given to increasing the toll on a bridge now carrying 4500 veh/day. The current toll is $1.35/veh. It has been found from past experience that the daily traffic volume will decrease by 400 veh/day for each 25¢ increase in toll. Therefore, if x is the increase in toll in cents/veh, the volume equation for veh/day is V = 4500 - 400 (x/25), and the new toll/veh would be T = 135 + x. In order to maximize revenues, what %3D would the new toll charge be per vehicle, and what would the traffic in veh/day be after the toll

Consideration is being given to increasing the toll on a bridge now carrying 4500 veh/day. The current toll is $1.35/veh. It has been found from past experience that the daily traffic volume will decrease by 400 veh/day for each 25¢ increase in toll. Therefore, if x is the increase in toll in cents/veh, the volume equation for veh/day is V = 4500 - 400 (x/25), and the new toll/veh would be T = 135 + x. In order to maximize revenues, what %3D would the new toll charge be per vehicle, and what would the traffic in veh/day be after the toll

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 5P

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