You have been commissioned to estimate the demand curve for admission to EuroLand, an amusement park in France. To do this, you spend a day surveying visi- tors to the park. Before doing this, you divide the area around the park into 10 zones with the distance from the park approximately constant within a zone. You ask each person you interview where they come from. Based on that information, and figures on annual attendance at the park, you are able to calculate the annual number of visi- tors from each zone. Your data are shown below: Number of visitors Distance from Zonal population park (km) Zone 500 5,000 10 1 10,000 900 20 2 2,000 25,000 30 3 700 10,000 40 4 6,000 100,000 50 25,000 500,000 60 6 8,000 200,000 70 7 50,000 1,500 80 8 2,000 100,000 90 9 1,000 100,000 100 10 You note that admission to EuroLand is 150 euros per person. You also calculate hat transportation costs, including time costs, are approximately 1/2 euro per person ber kilometer in each direction. Ignore the value of time in the park Calculate the demand curve for visits to EuroLand, showing visits as a function of he entry price. How many fewer visitors would you expect there to be if the manage- nent raised the admission fee to 200 euros?

Should the government legislate strict regulations for the gig-economy Give an assessment of the likely costs and benefits of your recommendation. Who will benefit and how? Who will be disadvantaged? What will be the effects on the community in general?

Fish in the deep sea are being fished to the point of extinction, yet fish in privately owned fish farms are not. Think like an economist: What explains the difference? choosefrom answers below Group of answer choices a. Deep-sea fishermen can’t afford to be as environmentally conscious as fish farmers. b. Deep-sea fishermen tend to be “present oriented” while fish farmers tend to be “future oriented". c. Deep-sea fishermen do not bear the full costs of their harvesting decisions, while fish farmers do. d. None of the above.

What is the difference between private and social costs?