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Suppose you have 10 lift passes to Big White that you can use either this year or next and that you will only be able to take ten trips this year and next Let your WTP for a day of skiing at Big

Suppose you have 10 lift passes to Big White that you can use either this year or next, and that you will only be able to take ten trips this year and next. Let your WTP for a day of skiing at Big White this year be $100 for the first year, $90 for the second, declining to $10 for the tenth day of skiing, and let your WTP be the same next year. Above which discount rate will all the tickets be used this year. 0 100096 o 900% o 800% ? 700% 55% ? 500% 400% o 300% o 200% 0 100% 00%

Apr 29 2020 View more View Less

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