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6. Consider figure 11-4 from O'Sullivan (Average Cost of Alternative Transportation Systems). In addition to the curves for BART and a bus system, draw a

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6. Consider figure 11-4 from O'Sullivan ("Average Cost of Alternative Transportation Systems"). In addition to the curves for BART and a bus system, draw a long-run average cost curve showing where light rail, such as MAX, would be. Explain your placement of the curve. Part 3 Urban Trans FIGURE 114 Average Cost of Alternative Transportation Systems Automobile Cost per passenger round trip ($) Rapid rail with feeder bus BUS 5 40 10 20 One-way hourly passenger volume (1,000) 6. Consider figure 11-4 from O'Sullivan ("Average Cost of Alternative Transportation Systems"). In addition to the curves for BART and a bus system, draw a long-run average cost curve showing where light rail, such as MAX, would be. Explain your placement of the curve. Part 3 Urban Trans FIGURE 114 Average Cost of Alternative Transportation Systems Automobile Cost per passenger round trip ($) Rapid rail with feeder bus BUS 5 40 10 20 One-way hourly passenger volume (1,000)

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