Simon owns land along the shore of Lake Michigan. The table below describes the marginal benefits to
Question:
(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.
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Related Book For
The Economics Of The Environment
ISBN: 9780321321664
1st Edition
Authors: Peter Berck, Gloria Helfand
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