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

question 4

Multiple Choice

The per-week demand for use of the Golden Gate Bridge in San Francisco is P = 13 - 0.15Q during peak traffic periods and P = 10 - 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 peak load toll for crossing the bridge?

• A) 6.5.
• B) 8.0.
• C) 8.7.
• D) 9.9.
• E) 10.5.

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Definitions:

Model Penal Code

A set of criminal laws developed as a guideline to standardize legal proceedings and penalties across the United States.

Capital Offense

A crime that is punishable by the death penalty, typically including the most serious offenses such as murder or treason.

Third-degree Felony

A category of crime considered less serious than first or second-degree felonies, but still criminally significant, subject to legal penalties including imprisonment.

Model Penal Code

A standardized set of criminal laws developed as a guideline to shape and modernize the penal laws of the United States.