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A large state university has a parking problem, and a committee set up to explore possible solutions finds that two spots right on campus are

A large state university has a parking problem, and a committee set up to explore possible solutions finds that two spots right on campus are not committed to some other use in the long range plan. Site I is very conveniently located; Site II is somewhat out of the way. The cheapest way to get a lot of cars on either site would be to build a standard multilevel pre-cast concrete structure. It would hold 400 cars, cost $2,000,000, would last for 25 years, and would fit on either site. Since not every parking permit is used continuously at all times, it is estimated that a 400 car garage would be used to capacity if 800 annual permits were sold. A survey also shows that the demand for parking permits to use these garages would probably be as follows: (The demand at Site II is lower than the demand at Site I since Site II is less conveniently located.)
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