How many drivers cross the bridge

Reference no: EM131088130

A city has built a bridge over a river and it decides to charge a toll to everyone who crosses. For one year, the city charges a variety of different tolls and records information on how many drivers cross the bridge. The city thus gathers information about elasticity of demand. If the city wishes to raise as much revenue as possible from the tolls, where will the city decide to charge a toll: in the inelastic portion of the demand curve, the elastic portion of the demand curve, or the unit elastic portion? Explain.

Attachment:- 1613286_1_441DelinquencyandPenalty.docx

Reference no: EM131088130

Questions Cloud

Prepare lost profit analysis to support its insurance claim : UCSSI has an insurance policy that would pay for up to 1 year's worth of lost profits as a result of the fire. UCSSI has engaged you to prepare a lost profit analysis to support its insurance claim

Riverbend city-debriefing and cost effectiveness : Research and review the Riverbend City: Shelter and Nursing Home Debriefing Mission,address the following in your assignment:

Develop multiple talent pools and career paths : Research an organization--searchable through the internet--and make an assessment of all ten of its key factors involved in successful talent planning and development listed below. Develop an action plan on any solutions to improve areas of concer..

What is the return on assets and what is return on equity : Keller Cosmetics maintains an operating profit margin of 8.60% and a sales-to-assets ratio of 3.10. It has assets of $620,000 and equity of $420,000. Interest payments are $42,000 and the tax rate is 35%. What is the Return on assets? What is the ret..

How many drivers cross the bridge : If the city wishes to raise as much revenue as possible from the tolls, where will the city decide to charge a toll: in the inelastic portion of the demand curve, the elastic portion of the demand curve, or the unit elastic portion? Explain.

Describe the role of hr in outsourcing of training : How would the training differ in a company that is primarily research and development compared to one that has a dominant product presence? How would it be similar?

Nearness of a solitary stereoscopic magnifying : Although investigating a microbiological research center, an assessor discovered the nearness of a solitary stereoscopic magnifying device with a missing image.

What is the after-tax salvage value : Your firm needs a computerized machine tool lathe which costs $58,000 and requires $12,800 in maintenance for each year of its 3-year life. After three years, this machine will be replaced. The machine falls into the MACRS 3-year class life category...

Contributions of taylor and fayol : Discuss the basis of differences between the contributions of Taylor and Fayol.

User Account

All Pages