This topic contains a solution. Click here to go to the answer

Author Question: Drivers are charged a price to use a tollway. But even tollways, such as the Tri-State Tollway near ... (Read 75 times)

humphriesbr@me.com

  • Hero Member
  • *****
  • Posts: 550
Drivers are charged a price to use a tollway. But even tollways, such as the Tri-State Tollway near Chicago, become heavily congested during the morning and evening rush hours. Thus,
 
  A) the rush hour represents a surplus of cars.
  B) your textbook author is wrong in claiming congestion is caused by zero prices.
  C) higher tolls are required during rush hours to reduce congestion.
  D) growing population is indeed the problem.

Question 2

The schedule of tolls capable of maximizing the net revenue of a bridge owner
 
  A) has no relationship to the cost of constructing the bridge.
  B) is the highest anyone will pay rather than forgo the opportunity to cross the bridge.
  C) varies proportionately to the cost of constructing the bridge.
  D) will be higher than the corresponding tolls for a tunnel, because tunnel construction costs must be sunk rather than elevated.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ntsoane kedibone

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

C

Answer to Question 2

A




humphriesbr@me.com

  • Member
  • Posts: 550
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


xiaomengxian

  • Member
  • Posts: 311
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

For a complete list of videos, visit our video library