The Following Data Show the Relationship Between the Number of Drivers

question 8

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.Suppose a toll is imposed in the following way: leaving between 8 a.m.and 9 a.m.costs $5 per driver,after 9 a.m. ,the toll is zero.One can predict that __________ drivers would be on the road between 8:00 and 9:00 a.m.

• A) 100
• B) 200
• C) 300
• D) 400

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Definitions:

Economic Infrastructure

Refers to the basic physical and organizational structures needed for the operation of a society or enterprise, such as transportation, communication systems, water, and power lines.

Financial Institutions

Organizations that provide financial services, such as banks, insurance companies, and investment firms.

Nonmonetary Forms

Nonmonetary forms involve values or transactions that do not have a direct monetary value or involve the exchange of money, such as volunteer work or bartering systems.

Commercial Transactions

The exchange of goods, services, or financial assets between parties in a business environment.