Solved

The Following Data Show the Relationship Between the Number of Drivers

Question 90

Multiple Choice

The following data show the relationship between the number of drivers who leave for work at 8:00 a.m., their average commute time, and their marginal benefit of commuting.  Number of Drivers  Who Leave at 8 am  Average  Commute Time  Marginal  Benefit 10030 minutes $1020065 minutes $8300110 minutes $4400170 minutes $3500260 minutes $1\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Number of Drivers } \\\text { Who Leave at 8 am }\end{array} & \begin{array} { c } \text { Average } \\\text { Commute Time }\end{array} & \begin{array} { c } \text { Marginal } \\\text { Benefit }\end{array} \\\hline 100 & 30 \text { minutes } & \$ 10 \\\hline 200 & 65 \text { minutes } & \$ 8 \\\hline 300 & 110 \text { minutes } & \$ 4 \\\hline 400 & 170 \text { minutes } & \$ 3 \\\hline 500 & 260 \text { minutes } & \$ 1 \\\hline\end{array} If commuters view highway use as having a price of zero, then one can predict that ______ drivers will leave for downtown at 8:00 am.


A) 500
B) 400
C) 300
D) 200

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents