(CIVL262)2009_s_CIVL262-Quiz7-solution_by_PPSpider[1] -...

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CIVL 262 – Introduction to Transportation System Tutorial Quiz 7 27 Mar2009 N a m e : S t u d e n t I D : Cost and Marginal-cost pricing A roadway has a cost function (total cost or total travel time of all users) T = 5q + 10q 2 , and the demand function is given by D = 20 - 0.2t, where t is the individual travel time in minutes. Value of time is $2 per minute. a) Determine and sketch the average, marginal cost functions and demand function. b) Determine the optimum flow c) Determine the toll that should be charged to limit the flow to the optimal flow.
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This note was uploaded on 02/01/2012 for the course CIVL 262 taught by Professor Lee during the Spring '09 term at HKUST.

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