
Originally Posted by
MrPrena
Bozo forgot to include, opportunity cost, "social cost" and "social marginal cost".
Let's assume 200k vehicles commute to that bridge and next detour is 2 miles away.
Let's also assume 20mpg. So 0.1 gal of consumption.
200, 000car x .1 gal = 20,000 gal of fuel wastes.
$6/gal will cost $120k.
Also people wasted 5 min for detour.
5min x 200k vehicles = 1,000,000 min per vehicles wasted.
5min x $20/hr x 200k vehicles = wasted.