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Simon owns land along the shore of Lake Michigan. The table below describes the marginal benefits to tourists of recreating along his property (per person who has access for a day

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Simon owns land along the shore of Lake Michigan. The table below describes the marginal benefits to tourists of recreating along his property (per person who has access for a day), as well as the marginal costs to Simon of more people getting access to the shore (due to litter, noise, and seeing other people on the shore).

 

No. People 1 2 3 4 5 6 7 8 9 10
Marginal Benefit, People 150 110 80 60 40 25 10 -10 -30 -60
Marginal Cost, Simon 10 20 30 40 50 60 70 80 100 125

 

(a) If Simon could not limit access across his property to the shore or otherwise limit or influence tourists’ behavior, how many people would go to the seashore? (Fractions of people cannot exist. Give a whole-number answer.) Explain your answer.

 

(b) What is the efficient number of people to use Simon’s shore? (Fractions of people still cannot exist. Give a whole-number answer.) Explain your answer.

 

(c) Now, Simon has the right and the ability to prevent people from using his property. In the absence of government programs to control seashore access, is there any way that the efficient solution might be achieved? If so, how? If not, why not?

 


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Paper Title Simon owns land along the shore of Lake Michigan. The table below describes the marginal benefits to tourists of recreating along his property (per person who has access for a day
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Simon owns lxxxxxxx axxxxxxx xxxxxxx shore of Lake Michigan. The txxxxxxx xxxxxxx descrixxxxxxx xxxxxxx marginal xxxxxxxs to tourists of recreating axxxxxxx xxxxxxx property (per person xxxxxxx xxxxxxx access xxxxxxx a day), as xxxxxxx as xxxxxxx marginal xxxxxxxs to Simon of xxxxxxx xxxxxxx getting access to xxxxxxx shore (xxxxxxx to litter, noise, xxxxxxx seeing xxxxxxx xxxxxxx on xxxxxxx shore).

No. People 1 2 3 4 5 6 7 8 9 10 Marginal Benefit, People 150 110 80 60 40 25 10 -10 -30 -60 Marginal Cost, Simon 10 20 30 40 50 60 70 80 100 125

(a) If Simon xxxxxxx not limit access across xxxxxxx property to xxxxxxx shore or xxxxxxxwise limit or influence tourists’ xxxxxxx, xxxxxxx xxxxxxx xxxxxxx xxxxxxx go to xxxxxxx seashore? (Fractions of xxxxxxx xxxxxxxnot exist. Give a xxxxxxxle-number answer.) Explain your answer.

If Simon xxxxxxx not limit xxxxxxx access across xxxxxxx property to xxxxxxx shore or xxxxxxxwise limit or influence tourist’s xxxxxxx, xxxxxxxn xxxxxxx one person xxxxxxx go because xxxxxxx marginal xxxxxxx is maximum at 1st person xxxxxxx. And xxxxxxx Marginal Cost of Simon is least at xxxxxxx point. After xxxxxxx first person, if any individual xxxxxxx visit xxxxxxx site, xxxxxxx Marginal Benefit xxxxxxx starting declining as compxxxxxxx to xxxxxxx first person.

No. People 1 2 3 4 5 6 7 8 9 10 Marginal Benefit, People 150 110 80 60 40 25 10 -10 -30 -60 Marginal Cost, Simon 10

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    Simon owns land along the shore of Lake Michigan. The table below describes the marginal benefits to tourists of recreating along his property (per person who has access for a day

    I have a background of 8 years in writing profession and currently pursuing also as an editor and proofreader. I have a knack for writing and thus, it was obvious to enhance my skills and serve others. Currently joined ‘Member of Association of Professional Writers and Editors’ a

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