(Answered) Imagine that a contingent valuation study offers households

Economics

Imagine that a contingent valuation study offers households a credible scenario for preservation of fishing habitat and receives the following approval rates at the following annual costs per household:

$200 10%

$100 50%

$ 50 90%

There are 1,000,000 households with standing. Calculate a value for preservation of fishing habitat that is consistent with these figures.

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Business Economics, Economics

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