I did some research: the cost per mile to move a person on AC Transit was ~ $1.50 (total cost including subsidies, not what you pay). Compare that to a cost to pay for a cab to take you one mile of ~ $3.00.
So if you have two people in a cab, that cab is just as economically efficient as a bus. Literally, a car that waits for your call, comes right to your door, and chauffeurs you around, is as economically efficient as our bus system. This is crazy! We could replace AC Transit with a fleet of cabs.
Also, I've heard that the "Nextbus" system which makes those predictions for when the next bus is arriving makes most of their money fixing the next bus sensors. The reason the sensors are broken is AC Transit employees continually sabotage them because they hate being tracked.
Truly, it is an incredibly screwed up system. Anyways, I was too busy to run for the board of directors, but someone really need to fix AC Transit!