The State government is considering building a new highway. Linda lives near theproposed highway. Her demand for trips per month is given by Q = 60 – 0.5P where Qis the number of trips and P is the average cost per trip in cents. Current average costper trip is 60 cents, and the new highway is expected to reduce it to 40 cents. A legislatorasks Linda how much she is willing to pay per month for the construction of the newhighway.Linda: I am making 30 trips now when it costs me $0.6 per trip. With the new highway,the cost will be reduced to $0.4, so I am willing to pay up to 30 (0.6 – 0.4) = $6 permonth.Do you agree with her reasoning?
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