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Question 1: Trip makers can choose one of the following four modes of travel - automobile, bus, rail and bike. The utility fu
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Paget Given utility function Vi = -0.075XAT: -0.05 ⓇWT; -0.04X RT; -0.002 x TC; V А =-0.075* 6 -0.05*1-0.04%25 -0.0028300 -2.Page 2 -2.475 -3.22 te te percentage share of Bus te-2.475 -2.1 xor 2.375 36.06 %. -3.22 e X 100 -2.1 -3.22 -2.375 1.77% -2.36 Page 3 Reduced riding time for bike = homin (VBike ) -0.075 X 1 -0.05X0 -0.04x40 Men -0.002X0 -1.675 -2.1 % share of Auto =

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