Question 7 0/1 point The figure below shows the demand curves for visits to two national...

 

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Question 7 0/1 point The figure below shows the demand curves for visits to two national parks. The parks are the same in all respects except that the lake in one is pristine, while the lake in the other in contaminated with algae. The government charges a nominal fee of $40 to enter each of the parks. What is the maximum WTP for an improvement in water quality in the contaminated lake? p ($/visit) 200.00 100.00 40.00 a) $11,250 b) $64,000 c) $100,000 d) $52,750 375.0 625.0 800.0 Fee 1000.0 No. of visits Question 7 0/1 point The figure below shows the demand curves for visits to two national parks. The parks are the same in all respects except that the lake in one is pristine, while the lake in the other in contaminated with algae. The government charges a nominal fee of $40 to enter each of the parks. What is the maximum WTP for an improvement in water quality in the contaminated lake? p ($/visit) 200.00 100.00 40.00 a) $11,250 b) $64,000 c) $100,000 d) $52,750 375.0 625.0 800.0 Fee 1000.0 No. of visits