One Group of People Uses New York City Subways Only

question 142

Multiple Choice

One group of people uses New York City subways only during rush hour to travel to and from work.Another group uses them only in midday for leisure activity.If New York City wants to increase transit fares with the smallest possible reduction in revenue, for which group should it increase the fare?

• A)The rush-hour group because its demand for subway service is more elastic than that of the midday group.
• B)The rush-hour group because its demand for subway service is less elastic than that of the midday group.
• C)The midday group because its demand for subway service is more elastic than that of the rush-hour group.
• D)The midday group because its demand for subway service is less elastic than that of the rush-hour group.
• E)It doesn't matter because both groups have the same elasticity of demand.

---

Definitions:

Efficiency

A measure of how effectively resources (such as time, money, and labor) are used to produce desired outcomes, often expressed as a percentage.

Longest Task Time Heuristic

A strategy for optimizing processes by first scheduling tasks that take the longest amount of time to complete.

Precedence Diagram

A graphical representation of the sequence in which tasks must be performed in a project, showing the dependencies between tasks.

Theoretical Minimum

The lowest possible amount of effort or resources required to execute a task or process under ideal conditions.