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TRANSPORT COST FUNCTIONS
DEMAND FUNCTIONS TRAVEL BENEFITS AND TRAVEL
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1For 1This alternative assumed average total cost average variable cost backward-bending chapter congestion consumer surplus cost and demand cost curve cost functions costs and benefits cross-elasticities demand curve demand functions demand period determined discount rate economic efficiency engineer equal equation equilibrium flow Evaluation external costs facility capacity facility costs financial feasibility fixed costs flow levels highway hourly income increase incremental investment planning linear long-run marginal cost marginal benefit marginal cost pricing matters maximized opportunity costs optimum output level overall price-volume and demand price-volume functions pricing policy problem procedures public investment q Trips quantity demanded result returns to scale sectors short-run average variable Short-Run Cost short-run marginal cost shown in Figure situations specific staging plan tions total benefits total net benefits total revenues traffic transport travel by mode travel price trip values tripmaking trips per hour uniform tax vehicle trips