Vday. The current toll is $3.50/vehicle. Studies haves of 50 cents, the traftic volume will decrease by 500 v oll to a point where revenue will be maximized. - travel demand on the bridge, related to toll increa day after the toll increase.

Traffic and Highway Engineering
5th Edition
ISBN:9781305156241
Author:Garber, Nicholas J.
Publisher:Garber, Nicholas J.
Chapter2: Transportation Systems And Organizations
Section: Chapter Questions
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A toll bridge carries 6000 vch/day The current toll is $3.50/vehicle. Studies have shown
hat for each increase in toll of 50 cents, the traffic volume will decrease by 500 veh/day.
Jus desired to increase the toll to a point where revenue will be maximized.
(a) Write the expression for travel demand on the bridge, related to toll increase and
current volume.
(b) Determine the toll charge to maximize revenbes.
(o Determine traffic in vel/day after the loll increase,
(d) Determine the total revente increase with the new tol.
Transcribed Image Text:A toll bridge carries 6000 vch/day The current toll is $3.50/vehicle. Studies have shown hat for each increase in toll of 50 cents, the traffic volume will decrease by 500 veh/day. Jus desired to increase the toll to a point where revenue will be maximized. (a) Write the expression for travel demand on the bridge, related to toll increase and current volume. (b) Determine the toll charge to maximize revenbes. (o Determine traffic in vel/day after the loll increase, (d) Determine the total revente increase with the new tol.
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