The Following Data Show the Relationship Between the Number of Drivers

question 49

Multiple Choice

The following data show the relationship between the number of drivers who leave for work at 8:00 am,their average commute times,and their marginal benefit associated with the commute times. $$\begin{array} { c c c } \begin{array} { c } \text { Number of drivers } \\ \underline {\text { that leave at 8:00am }}\end{array} & \begin{array} { c } \text { Average commute } \\ \underline {\text { time to downtown }}\end{array} & \begin{array} { c } \text { Marginal } \\ \underline {\text { Benefit }}\end{array} \\ 100 & 30 \text { minutes } & \$ 10 \\200 & 65 \text { minutes } & \$ 8 \\300 & 110 \text { minutes } & \$ 4 \\400 & 170 \text { minutes } & \$ 3 \\500 & 260 \text { minutes } & \$ 1\end{array}$$
Refer to the information given above.If commuters view the highway as having a zero price,one can predict that __________ drivers will leave for downtown at 8:00 am:

• A) 500
• B) 400
• C) 300
• D) 200

Recognize the impact of mergers and acquisitions on market structure and outcomes.

Identify the factors that make cartels difficult to maintain.

Analyze the effect of competitive strategies on market quality and quantity.

Understand the prisoners' dilemma and its implications in real-world scenarios.

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Definitions:

Inner City

A term often referring to the central area of a major city, typically characterized by high-density housing and infrastructure, often associated with social and economic challenges.

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An individual in a relationship who engages in behaviors that physically, emotionally, or sexually harm their partner.

Assessment Question

A question designed to evaluate knowledge, skills, attitudes, or characteristics of an individual or group.

Different City

Refers to a city that is not the one currently being discussed or the one where the speaker or listener resides.