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Basic Economic PrinciplesAn economic approach to design efficient transportation systems involves maximizing an objective function that reflects both goals and costs. A demand curve can be derived by finding the quantities of a good that solve the maximization problem as one varies the price of that commodity, holding income and the prices of all other goods constant. A supply curve is derived by applying the idea of profit maximization of firms. The production function determines the relationship between input and output.
Document ID
19730024121
Acquisition Source
Legacy CDMS
Document Type
Conference Paper
Authors
Tideman, T. N.
(Harvard Univ. Cambridge, MA, United States)
Date Acquired
August 7, 2013
Publication Date
July 1, 1972
Publication Information
Publication: MIT Proc. of the NASA(MIT Workshop on Airline Systems Analysis, Vol. 1
Subject Category
General
Accession Number
73N32854
Distribution Limits
Public
Copyright
Work of the US Gov. Public Use Permitted.
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