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3. Given a calibrated utility function, u =b - 0.04C 0.02t, where C is the cost of travel (in cents), t is the travel time

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3. Given a calibrated utility function, u =b - 0.04C 0.02t, where C is the cost of travel (in cents), t is the travel time (in minutes), and the MNL model is as described in the chapter. (a) What will be the modal split (percentage demand traveling by each mode) for the following data given? (b) Given rising gasoline price so that C for an automobile increases by $1.20, what impact will this change have on the modal split? Mode b C t Bus Light rail Automobile

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