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8. A family lives close to an attractive Health Ciub. The family pays $50 each month to use the facilities at the Health Club. It

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8. A family lives close to an attractive Health Ciub. The family pays $50 each month to use the facilities at the Health Club. It would actually be willing to pay up to $95 a month to use the Health Club. Does $50 measure the value of the Health Club to this family? Unfortunately, a fire broke out and the Health Club was closed for eight months. What is the economic measure of the family's monthly loss of wellbeing from not being able to use the club over the closure period

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