What is total cost per trip for who drives in central london

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Suppose that after the fee was imposed, the time of the average trip in central London fell from 40 minutes to 30 minutes. (Note: The travel time will not change by as much as the average speed because the average speed may not account for time spent waiting at traffic signals.)

Under these assumptions, now that the city has imposed the fee, what is the total cost per trip for someone who drives in central London?

Reference no: EM13208917

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