Seattle Transit Ltd. operates a local mass transit system. The transit authority is a state...
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Seattle Transit Ltd. operates a local mass transit system. The transit authority is a state governmental agency It has an agreement with the state government to provide rides to senior citizens for 54 cents per trip. The government will reimburse Seattle Transit for the "cost of each trip taken by a senior citizen. The regular fare is $2.40 per trip. After analyzing its costs, Seattle Transit figured that, with its operating deficit, the full cost of each ride on the transit system is $4.40. Routes, capacity, and operating costs are unaffected by the number of senior citizens on any route Required b. Which price would Seattle Transit prefer? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. 3 86per c. Which price would the state government prefer? (Round your answer to 2 decimal places.) Answer is complete and correct Price s 0.00e d. If Seattle Transit provides an average of 154,000 trips for senior citizens in a given month, what is the monthly value of the difference between the prices in full capacity? Answer is complete but not entirely correct. Difference S 677,600 pe month
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