fdasfdf

10. Joe is an avid surfer - he surfs regularly at Tempe Town Lake. His monthly demand function for surfing is: x = 36 - 2p, where p is the cost of a surfing trip to Tempe Town Lake and x is the number of surfing trips he takes per month. (a) What is the cutoff price at which he would stop surfing at Tempe Town Lake altogether? (b) The cost of a surfing trip to Tempe Town Lake is $10. How many trips does Joe take per month? (c) What is Joe's monthly consumer's surplus from being able to surf at Tempe Town Lake? (d) Tempe Town Council reduces the cost of a surfing trip at Tempe Town Lake to $6. How much does Joe's welfare increase? (e) Tempe Town Council adds better toilet facilities and a soda vending machine at Tempe Town Lake. This causes Joe to like the beach better and go there more often - his demand function becomes x = 46 - 2p. The price is still $6. What is the monetary measure of the value of the improved beach to Joe