I drive across bridge 8 TIMES PER wk i'm willing to pay for the 8th trip $0.50, person 2 goes over it 10 times/wk is willing to pay final trip is $0.30 taxes will rise to pay for a new bridge, how much additional taxes would I be willing to pay?
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Expert's answer
2012-02-21T11:11:35-0500
Let P be a payment for a new bridge, A be the part of P that will be get from taxes and T be a collecting term in weeks. Then if there are no other persons who drive across the bridge new payment may be, for example, A/(T*(8+10)). The statement is not clear, we have no sufficient conditions to determine the price uniquely.
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