Assume the Total Benefits to Mark from Trips to a Local

question 15

Multiple Choice

Assume the total benefits to Mark from trips to a local amusement park during the year are given by the following schedule: 1 trip: $60; 2 trips: $115; 3 trips: $165; 4 trips: $200; 5 trips: $225; 6 or more trips: $240.Which of the following is false?

• A)Mark would not go to the park more than 6 times per year even if there was free admission.
• B)Mark would not go at all if a single visit cost $65.
• C)If the admission price was $20 per day, Mark would go 5 times per year.
• D)If the amusement park offered no per day admission but only year-long passes for $200, Mark would be willing to buy one.
• E)None of the above are false; all are true.

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