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📘 Question
7-4
Each MicroTransit van costs $200,000 annually to operate. Assume fare revenue of $10 per ride and an average of 50 rides per van per day. The vans operate for 350 days each year. The city has received a grant for $5M for the first year. How many vans can the city afford without running a deficit?
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Each MicroTransit van costs $200,000 annually to operate. Assume fare revenue of $10 per ride and an average of 50 rides per van per day. The vans operate for 350 days each year. The city has received a grant for $5M for the first year. How many vans can the city afford without running a deficit?
Click the audio to listen to the question.
📊 Case Exhibit
Use the exhibit to answer the above question.
Your answer:
Your response will be saved to your account for you to review.
Answer Saved!
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