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Scenario 1. Central City is considering whether to build a new public swimming pool. This pool would have a capacity of 800 swimmers per day,
Scenario 1. Central City is considering whether to build a new public swimming pool. This pool would have a capacity of 800 swimmers per day, and the proposed admission fee is $8 per swimmer per day. The estimated cost of the swimming pool, averaged over the life of the pool, is $4 per swimmer per day. In order to assess the welfare benefits of this project, Central City conducted a survey of its residents to understand their willingness to swim in the pool at various prices. Assume that the residents were completely honest and accurate about their usage of the pool at various prices. The results of the survey is shown below: Swimming Pool Number of Swimmers per Price per Day Day $2 1800 $4 1400 $6 1,000 $8 600 $10 200
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