Question

Example:
A mode-choice model for a city includes the following modes: autos (A), light rail
(L), buses (B), and rapid rail (R), with utility functions (U), as shown in the table:
Cost (C) Time (T)
Function
U(A) = 3.2 - 0.3C - 0.04T
30
5
U(L) = 1.0- 0.2C - 0.04T
3
25
U(B) =
2.5
40
0.1C - 0.01T
U(R) = 1.5 - 0.3C - 0.05T
6
20
where C is the cost in dollars, and Tis the time in minutes.
Based on an estimate that 12,000 workers will head for downtown each
morning, how many workers will choose to take a particular mode/
If the government subsidizes light rail by 30%, buses by 20%, and rail rapid

Answer 1

Answer:

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Step-by-step explanation:

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