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

question 1

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 = 7 - 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.

---

Definitions:

Morningstar

A financial services firm known for providing comprehensive research and analysis on mutual funds, stocks, and financial markets.

Star Rating

A system used to evaluate and rank products, services, or investments, such as mutual funds, typically on a scale from 1 to 5 stars based on performance and risk.

Performance Measurement

The process of evaluating the efficiency and effectiveness of an investment or a portfolio, typically through metrics like return on investment (ROI).

Average Price-To-Book Value

A ratio comparing a company's market price to its book value, indicating how much investors are paying compared to the net asset value of the company.