How often the police should monitor the tickets

Reference no: EM132199126

Question: For the NJ Light Rail problem, assume the price of a ticket is $5.00, and that a passenger has to decide whether to buy a ticket or try to get a free ride. Assuming that the fine is $300, and that the cost of checking is $2.00, determine how often the police should monitor the tickets, and how often passengers will buy their tickets?

Reference no: EM132199126

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