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2. Annual animal losses in a national park amounted to an estimated 10,000 animals per year. Taxpayers were faced with the decision of whether to
2. Annual animal losses in a national park amounted to an estimated 10,000 animals per year. Taxpayers were faced with the decision of whether to initiate a protection program which would cost $3.6 million today. A survey suggests that the monetary value per animal is $15 and the discount rate is 95%. (2 points) 2.a) Should the program be initiated? Show your calculations and explain. 2.b) If we cannot estimate the value per animal today, what is that value that would make the taxpayers indifferent between initiating the protection program and not initiating it
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