, TRL2602 Assignment 1 (COMPLETE ANSWERS)
Semester 1 2025 (258286) - DUE 20 March 2025;
100% TRUSTED Complete, trusted solutions and
explanations.
MULTIPLE CHOICE ,ASSURED EXCELLENCE
QUESTION 1 1.1 Briefly explain the role of transport and
competition in the economy. (4) 1.2 What two groups of users
have a need for transport? Explain in full how we distinguish
between these two groups. (4) 1.3 Distinguish the difference
between common costs and joint costs, make use of examples
to demonstrate your understanding. (6) 1.4 A transport
enterprise may follow and three types of pricing to determine
tariff Identify and explain in your own words each type.
QUESTION 2 Transport economists, logisticians and
entrepreneurs are confronted daily with having to solve
problems in answering the transport question. In the past,
engineers and transport planners, who were responsible for
planning and designing the transport infrastructure, used
models to analyse and predict transport demand, but paid scant
attention to the economic content thereof. Aside from the
economic implications, access to various geographical areas and
the mobility of people and goods also has specific social,
political and strategic implications. The provision of subsidized
transport for employees who stay in areas which are situated
far from their places of work is an obvious example. Discuss the
Semester 1 2025 (258286) - DUE 20 March 2025;
100% TRUSTED Complete, trusted solutions and
explanations.
MULTIPLE CHOICE ,ASSURED EXCELLENCE
QUESTION 1 1.1 Briefly explain the role of transport and
competition in the economy. (4) 1.2 What two groups of users
have a need for transport? Explain in full how we distinguish
between these two groups. (4) 1.3 Distinguish the difference
between common costs and joint costs, make use of examples
to demonstrate your understanding. (6) 1.4 A transport
enterprise may follow and three types of pricing to determine
tariff Identify and explain in your own words each type.
QUESTION 2 Transport economists, logisticians and
entrepreneurs are confronted daily with having to solve
problems in answering the transport question. In the past,
engineers and transport planners, who were responsible for
planning and designing the transport infrastructure, used
models to analyse and predict transport demand, but paid scant
attention to the economic content thereof. Aside from the
economic implications, access to various geographical areas and
the mobility of people and goods also has specific social,
political and strategic implications. The provision of subsidized
transport for employees who stay in areas which are situated
far from their places of work is an obvious example. Discuss the
