Households a credible scenario for preservation

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Reference no: EM131692462

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.

Reference no: EM131692462

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