Dulles Toll Road Elasticity

Related BrainMass Solutions

• Microeconomics

  Taking a toll road is only an option for them. Therefore, the demand elasticity is high.High-income commuters are expected to assume responsible positions and have to get to work on time.

• Achieving efficiency and pure public good

  The road cannot be regarded as a pure public good and that a toll should be charged for using the road because all the consumers cannot benefit from using the road when the road is congested (Hyman, 2004).

• Government debt rating and funding capital building

  Thus, in the road example, the government faces a commitment problem, taking the form of a dynamically-inconsistent toll policy.

• Elasticity cases, transport and vanity plates

  or demand for toll roads is 4.7 for low-income commuters and 0.63 for high-income commuters.

• technology transfer

  The Chicago City Council will be responsible for policing and snow plowing on the toll road but will be paid for its services by Cintra-Macquaire. 5.

• Discussion on Supply and Demand and Private and Public Goods

  Another example is the increasing use of "pay-per-view" as a means of extracting payment from people wanting to watch exclusive coverage of sporting events on television or the payment required to travel on a toll-road or toll-bridge.

• average and marginal costs curves

  What toll should be collected from the road users in order to achieve the optimal use of road capacity? The toll to be collected is the value of p when q=1400 or simply value of AC P=c=1.5+10000/(5000-q)=1.5 + 10000/(5000-1400) = 4.28.

• Normal and Inferior goods

  Income elasticity of demand for normal goods is positive. Consumers buy more of normal goods when their real income rises. Toll roads are examples of normal goods, more and more people use toll roads when their income level rises.

• Traffic Enforcement Cameras: Prewriting

  If you enter an electronic toll road that has a large sign explaining that cameras are used to photograph your license plates to collect toll payments, by entering the toll road, you consent to their use of cameras; if you do not wish to have your plates