The Forest Service is responsible for maintaining our commons forests, and controlling responsible access and safe usage of forest campsites and trails by the public. Currently, the forest service is trying to decide whether to increase the resources devoted to thinning parts of the forest in Eastern Washington so as to reduce the risk of wildfires. They thus took a survey of Washington Residents to see how much they would be willing to to pay in order to have better air quality and fewer wildfires. The results of the survey would be used by the government in making budgetary decisions about tax collection and revenue allocation for forest management. How much How much How much would you be would you be would you be willing to pay willing to pay willing to pay PERSON to reduce the to reduce the to reduce the risk of forest risk of forest risk of forest fıres by 10% fires by 30% fires by 50% 50 50 Amy 30 20 20 Brian 20 15 10 Catherine 50 40 30 David 20

The Forest Service is responsible for maintaining our commons forests, and controlling responsible access and safe usage of forest campsites and trails by the public. Currently, the forest service is trying to decide whether to increase the resources devoted to thinning parts of the forest in Eastern Washington so as to reduce the risk of wildfires. They thus took a survey of Washington Residents to see how much they would be willing to to pay in order to have better air quality and fewer wildfires. The results of the survey would be used by the government in making budgetary decisions about tax collection and revenue allocation for forest management. How much How much How much would you be would you be would you be willing to pay willing to pay willing to pay PERSON to reduce the to reduce the to reduce the risk of forest risk of forest risk of forest fıres by 10% fires by 30% fires by 50% 50 50 Amy 30 20 20 Brian 20 15 10 Catherine 50 40 30 David 20

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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