Question

A ferry is currently transporting 150 veh/day at a cost of $1.50/vehicle. The ferry can attract...

A ferry is currently transporting 150 veh/day at a cost of $1.50/vehicle. The ferry can attract 400 more veh/day when the cost/veh is $1.00. Calculate the net user benefits/year (in dollars) if the cost/veh decreases from $1.25 to $0.90.

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