9. Clem Clunkhead, Secretary of Transportation of New Iberia, decided to institute tolls for persons using the ferry boats in that country. After the tolls had been in effect for 31/2 months, Astra Asute noticed that the country was incurring an average of $1,100 a day in expenses to collect $625 a day in tolls. The toll is \$.25 per person. a. How many people are using the ferry boats per day? b. If all the expenses of collecting the tolls are fixed, how much would New Iberia have to charge each user to break even? To make a profit of \$250 per day? c. Assume that 80 of of the daily expenses of collecting the tolls are fixed and the remainder varies per user. If New Iberia raises the tol1 to $.30 per person, the Department of Transportation expects that volume will fall by 10. Will the country be better or worse off than it is currently? By what amount? d. Assume that 808 of the daily expenses of collecting the tolls are fixed and the remainder varies per user. If use will decline by 5t for every \$.10 increase (from the current amount) in the toll, at what level of use and toll amount would New Iberia make a profit per day? e. Discuss the saying, "We may be showing a loss, but we can make it up in volume