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How much is a typical consumer willing to pay to reduce

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The utility function for commuting is u(w, t, c) =-2 . w - 3 . t - 12 . c, where w is walking time (in minutes), t is total travel time (in minutes), and c is cost (In E). How much is a typical consumer willing to pay to reduce total travel time by an hour? Enter your numerical answer in the box provided (round your answer to 1 decimal place):

Reference no: EM133124275

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