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Simon owns land along the shore of Lake Michigan. The table below describes the marginal benefits to tourists of recreating along his property (per person who has access for a day), as well as the marginal costs to Simon of more people getting access to the shore (due to litter, noise, and seeing other people on the shore).

 No. People 1 2 3 4 5 6 7 8 9 10 Marginal Benefit, People 150 110 80 60 40 25 10 -10 -30 -60 Marginal Cost, Simon 10 20 30 40 50 60 70 80 100 125

(a) If Simon could not limit access across his property to the shore or otherwise limit or influence tourists' behavior, how many people would go to the seashore? (Fractions of people cannot exist. Give a whole-number answer.) Explain your answer.

(b) What is the efficient number of people to use Simon's shore? (Fractions of people still cannot exist. Give a whole-number answer.) Explain your answer.

(c) Now, Simon has the right and the ability to prevent people from using his property. In the absence of government programs to control seashore access, is there any way that the efficient solution might be achieved? If so, how? If not, why not?

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Simon owns land along the shore of Lake Michigan. The table below describes the marginal benefits to tourists of recreating along his property (per person who has access for a day), as well as the marginal costs to Simon of more people getting access to t

Simonowns land along the shore of Lake Michigan. The table below describesthe marginal benefits to tourists of recreating along his property (per person who hasaccess for a day), …

• Not rated

(a) If Simon could not limit access across his property to the shore or otherwise limit or influence tourists' behavior, how many people would go to the seashore? (Fractions of people cannot exist. Give a whole-number answer.) Explain your answer.

Simonowns land along the shore of Lake Michigan. The table below describesthe marginal benefits to tourists of recreating along his property (per person who hasaccess for a day), …

• Not rated

(b) What is the efficient number of people to use Simon's shore? (Fractions of people still cannot exist. Give a whole-number answer.) Explain your answer.

Simonowns land along the shore of Lake Michigan. The table below describesthe marginal benefits to tourists of recreating along his property (per person who hasaccess for a day), …

• Not rated

(c) Now, Simon has the right and the ability to prevent people from using his property. In the absence of government programs to control seashore access, is there any way that the efficient solution might be achieved? If so, how? If not, why not?

Simonowns land along the shore of Lake Michigan. The table below describesthe marginal benefits to tourists of recreating along his property (per person who hasaccess for a day), …