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The Pangaea Conservancy is considering protecting another area. This area already has four protected areas, shown below in dark gray. In this area, the Pangaea Conservancy has budgeted $25 million to purchase land from private landowners so that it can permanently protect these areas. The 12 parcels available for purchase by the Pangaea Conservancy are lettered from A-L below and are shown in light gray. The Pangaea Conservancy has used a new and improved benefit assessment tech- nique which calculates two benefit scores as shown below.7 For both of these measures, the higher the score signifies the higher the quality. Assuming that the Pangaea Conservancy considers the ecological score and the scenic value to be of equal importance, which parcels would you recommend that it acquire if it wants to use Benefit Targeting? Describe the selected parcels.

 

 

K

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

H

 

 

 

 

 

 

J

 

 

B

 

 

 

 

C

 

 

D

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A

 

 

L

 

 

 

 

 

 

 

 

G

 

 

 

 

F

 

 

 

 

 

 

 

 

 

E

 

 

 

Parcel ID

Ecological Score

Scenic Value

Total Benefits

Cost ($m)

A

100

126

226

$4.50

B

100

143

243

$5.00

C

130

130

260

$6.00

D

150

60

210

$5.00

E

80

185

265

$6.50

F

140

140

280

$7.00

G

110

95

205

$7.00

H

50

60

110

$6.50

I

60

25

85

$9.00

J

15

10

25

$4.50

K

150

150

300

$12.00

L

75

75

150

$8.00

Microeconomics, Economics

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