Determine the toll charge to maximize revenues. Let T = toll charge.
A toll bridge carries 6,000 veh/day. The current toll is $3.50/vehicle. Studies have shown that for each increase in toll of 50 cents, the traffic volume will decrease by 500 veh/day. It is desired to increase the toll to a point where revenue will be maximized.
What will be an ideal response?
Since the original toll was 350 cents per vehicle, the new toll charge will be
T = 350 + x
You might also like to view...
The design of the particular building and load to be placed on the lintel are the deciding factors in the type of lintel selected.
Answer the following statement true (T) or false (F)
One end of the pulling rope is attached to a cable grip; the other end is _____.
a. wrapped around the capstan b. inserted into the basket c. attached to a clevis d. secured to the cable on the reel
Why is plant life dependent on soil?
What will be an ideal response?
A(n) ____________________ is a substance that causes a chemical reaction to occur without undergoing any change to itself.
Fill in the blank(s) with the appropriate word(s).