The per-week demand for use of the Golden Gate Bridge in San Francisco is P = 12 - 0.15Q during peak traffic periods and P = 9 - 0.1Q during off-peak hours, where Q is the number of cars crossing the bridge in thousands and P is the toll in dollars. If the marginal congestion cost of using the bridge is MC = 5 + 0.2Q, what is the optimal peak load toll for crossing the bridge?© BrainMass Inc. brainmass.com March 4, 2021, 10:18 pm ad1c9bdddf
For peak traffic periods,
P = 12 - 0.15Q
TR = P.Q = (12 - 0.15Q).Q
MR = d(TR)/dQ = 12 ...
Optimal peak load toll is listed.