The Per-Week Demand for Use of the Golden Gate Bridge

question 9

Multiple Choice

The per-week demand for use of the Golden Gate Bridge in San Francisco is P = 12 - 0.15Q during peak traffic periods and P = 9 - 0.1Q during off-peak hours,where Q is the number of cars crossing the bridge in thousands and P is the toll in dollars.If the marginal congestion cost of using the bridge is MC = 5 + 0.2Q,what is the optimal off-peak load toll for crossing the bridge?

• A) 6.5.
• B) 8.0.
• C) 8.7.
• D) 9.9.
• E) 10.6.

Analyze the relationship between nominal and real GDP.

Calculate net exports and government purchases using economic data.

Recognize the key indicators of economic performance (e.g., GDP per person, inflation rate).

Distinguish between real and nominal values in economic indicators.

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Definitions:

Foreign-Currency Exchange

The trading of one currency for another, determining how much one currency is worth in terms of the other.

Exports

Goods or services sent from one country to another for trade or sale.

Supply

The total amount of a specific good or service that is available to consumers.

Foreign-Currency Exchange

The trading of one currency for another, determining how much one country's currency is worth in another country's currency.