4 mama-\"vu. I... \\lru runny", u..- \"gnu...\" J , by... The following table gives information on visitors to J ellybear Park: IE-_ __ Cornucopia ht A researcher keeps carell track of visitors to Jellybear and learns that there is a total of 3,750 visits to the park in one year. The only cost of traveling to the park is mileage, at $0.5J'mile. The researcher estimates the relationship between costs and number of visits per capita (per person) to be: Q = 1-0.15C Where Q is visits per capita, and C is the cost of visiting Jellybear. (a) (2 points) Add columns to this table identifying total costs of a visit from each place, visits per capita from each city, and visits from each city (i.e., visits per capita multiplies population) City of Origin ' visits per capita Visits Alabaster Beautiful Cornucopia Delight (b) (2 points) Why doesn't the researcher observe anyone coming from Delight to Jellybear? (c) (2 points) If getting to the park is the only cost associated with a visit (there is no admission price), how many people in total visit Jellybear? Start a table with one column showing admission price (in this case, $0) and another showing total visits. Admission Total ' Cornucopia Price cost/visit " : ' " " visitslcauita visits cost/visit $0 (d) (6 points) Because of management costs, park managers are considering charging for admission to Jellybear. They are considering prices ranging from $1/visit to $5/visit. For each whole dollar value between $1 and $5 per visit, figure out: (i) The new cost of visiting for each city; (ii) The new number of visits per capita from each city; (iii) The new number of visits from each city; (iv) The total visits (remember that negative visits do not exist; they count as zero) You may use this table or design your own table to present the results: Admission Total Alabaster Beautiful Cornucopia Price Visits cost/visit visits/capita visits cost/visit visits/capita visits cost/visit visits/capita visits $1 $2 $3 $4 $5 (e) (2 points) Put the information on admission price and total visits in the table from (c). This table shows the relationship between admission price and total number of visits. What is it? Admission price Total number of visits $1 $2 $3 $4 $5 (f) (3 points) Estimate the consumer surplus associated with visiting Jellybear Park when the admission fee is $0. (It will be an approximate value because the relationship in (e) is not a straight line.) (g) (3 points) What method have you used to estimate the value of visits to Jellybear Park? Why