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Illustrate the total demand for visits to the park

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Reference no: EM132413376

Both mountain bikers and hikers enjoy Horsetooth Mountain Park. Assume there are more substitute hiking spots than there are biking trails. The marginal cost of both biker and hiker visits is $7.

A) Graphically illustrate the total demand for visits to the park and the separate demand curves for bikers and hikers.

B) Show the economically optimal amount of visitation for bikers and hikers.

C) Discuss (but do not graph) the effect of congestion on the optimal rate of visitation and who will be affected by this change in optimal visitation.

Reference no: EM132413376

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