Suppose That a Highway Is Governed by a Use Fee

question 38

Multiple Choice

Suppose that a highway is governed by a use fee charged to motorists that is based on congestion, operation and maintenance. The total traffic t is used to determine the cost of 5t² + 7t. What is the marginal cost?

• A) 12
• B) 5t + 7
• C) 10
• D) 10t + 7

Acknowledge the importance of sociological research in challenging everyday assumptions and expanding our understanding of social reality.

Recognize the relevance of sociology in analyzing contemporary social issues, including changes in family structures, media influence, and occupational segregation by gender.

Learn how sociology integrates various approaches, such as qualitative and quantitative research methods, to study society.

Understand the impact of discount rates and the timing of cash flows on the valuation of investments.

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Definitions:

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