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The government is considering an increase in the daily fee required to access a popular nature park from $2 to $2.5 per visitor. At present,
The government is considering an increase in the daily fee required to access a popular nature park from $2 to $2.5 per visitor. At present, the park is visited by 9,000 people per day. After the fee increase, it is projected that only 7,000 visitors per day will visit the park. Assume that the weekly marginal cost of park visits is equal to $1.8 per person
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