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Optimal Travel Decisions for Six Cars on the Highway

In this exercise, you are the sixth car on the road. You must decide whether to take a longer route that takes 18 minutes or stick with the current road. Considering all six cars are on the road, calculate the total travel time. Additionally, analyze the socially optimal travel strategy for these six cars to reach their destinations efficiently. Lastly, consider if a driver's decisions on the highway are influenced by marginal travel time. This scenario prompts reflection on traffic management and individual decision-making.

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Optimal Travel Decisions for Six Cars on the Highway

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  1. Exercise (Field and Olewiler) • You are the 6th car. Do you take this road, or one where your trip will take 18 minutes? • With all 6 cars on the road, what is the total travel time? • What is the socially optimal way for the 6 cars to travel to their destinations? • On the highway, is a person’s decision based on marginal travel time?

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