Mathematics, 10.10.2019 05:00 nady82
He city of metropolita added a new subway station in a neighborhood between two existing stations. after the station was built, the average house price increased by $10,000 (in the current year) and the average commute time fell by 15 minutes per day (starting in the next year). suppose that there is one commuter per household, that the average commuter works 5 days a week, 50 weeks a year, and that the benefits of reduced commuting time apply in perpetuity. assume a discount rate of 5%. produce an estimate of the average value of time for commuters based on this information.
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He city of metropolita added a new subway station in a neighborhood between two existing stations. a...
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