Thanks to a new federal program that will provide 50% matching funds Fun City has decided to build a new municipal water park with pools, water…

Thanks to a new federal program that will provide 50% matching funds Fun City has decided to build a new municipal water park with pools, water slides, and so forth. You have been hired to conduct a study to determine if the water park can pass the test.

a. A nearby and very similar city currently has a water park similar to the one

Fun City is considering. The nearby city currently charges $10 for admission and, on a typical day, attracts 4,000 persons. Last year, it charged $15, but only attracted 3,000 paying customers.

b. Assuming that the demand curve for water parks is linear, demonstrate how this information might be used to estimate the net benefits received by those using the Fun City water park, if Fun City charges an admission price of $12.50. [ NOTE : You need not compute the actual amount; just use a graph and clearly indicate the area that represents the net benefit amount.]

c. By how much, and in what direction, would the net benefits received by those using the water park change if Fun City charges a $15.00 admission price, rather than $12.50? [ NOTE : This time compute the actual dollar value.] 

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10