Question: 1.Consider a project that would involve purchasing marginal farmland that would then be allowed to return to wetlands capable of supporting migrant birds. Researchers

1.Consider a project that would involve purchasing marginal farmland that would then be allowed to return to wetlands capable of supporting migrant birds. Researchers

1.Consider a project that would involve purchasing marginal farmland that would then be allowed to return to wetlands capable of supporting migrant birds. Researchers designed a survey to implement the dichotomous choice method. They reported the data: Stated Price (annual payment in dollars) Fraction of Respondents Accepting Stated Price (percent) 0 98 5 91 10 15 26 82 66 20 48 25 32 30 20 35 12 40 6 45 4 50 2 What is the mean willingness-to-pay for the sampled population? (Please use Graphs)

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