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Take Quiz Question 2 9 pts Vail Resorts, Inc' operates 41 ski resorts, including Mount Brighton 20 miles north of Ann Arbor Vail Resorts' bestselling
Take Quiz Question 2 9 pts Vail Resorts, Inc' operates 41 ski resorts, including Mount Brighton 20 miles north of Ann Arbor Vail Resorts' bestselling product is the \"Epic Pass", which provides unlimited access to all 41 resorts for the entire season, Arkey loves to go snowboarding and is contemplating whether to purchase the Epic Pass. However, he doesn't know if he will use the pass enough times to make it worth its $879 annual prices Without the pass, a lift ticket for a single day costs $150. The marginal value Arkey receives for each day spent snowboarding during a given year is provided in the table below: (for this problem, consider only the values included in the table below, do not graph as a linear, continuous demand curve)' Based on the information provided, identify whether each of the following statements is true or false and briey explain your reasoning A. If Arkey chooses to buy lift tickets on a pereday basis, then, in order to maximize his consumer surplus, he should purchase 5 daily lift tickets per year since his total expenditure on lift tickets would be $750 and the total value he would receive would also be $750 B. If Arkey buys the Epic Pass, he will not have to pay for a daily ticket to go snowboarding. Therefore, Arkey should go snowboarding every clay since the cost of going snowboarding is zero' C If Arkey is trying to maximize his consumer surplus, he would be better of' buying the \"Epic Pass\" than he would be if he purchased lift tickets on a pereday basis. 12ptV Paragraphv B I 9 Av v Tzv 09v \"mv E'ng .v a Exit
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