Development of a Rationale for Transportation Investment |
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1 | 6 |
TRANSPORT COST FUNCTIONS | 22 |
DEMAND FUNCTIONS TRAVEL BENEFITS AND TRAVEL | 71 |
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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 determine differential discount rate economic efficiency engineer equal equation equilibrium flow evaluation external costs facility costs financial feasibility fixed costs highway hourly increase incremental investment planning linear linear programming long-run marginal cost marginal benefit marginal cost pricing matters mode x off-peak opportunity costs optimum output level overall price-volume and demand price-volume functions pricing policy problem procedures public investments 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 srmc srmc(q staging plan total benefits total net benefits total revenues traffic transport travel by mode travel costs travel price Trip Price trip values tripmaking Trips per Hour uniform tax user taxes vehicle trips xth demand period