Question

A survey of all recreational fishermen using Lake Chutzik in the Adirondacks (upstate New York) during the summer of 1990 produced the following information regarding their numbers and their residences (origins): Origin #1 #2 #3 TOT AL Per Capita Visitation Rate 0.09 0.07 0.05 Total Travel Cost $ 50.00 $ 100.00 $ 150.00 Number of Users 800 4,000 10,000 14,800 a) Plot the participation function on a graph, labeling the axes and the points representing each origin.

Answer 1

The important correlation is per capita visitation rate and the total travel cost, not the number of clients and the travel cost. Demand curves for every root (or a given populace) can be inferred simply in the wake of watching the general rate at which people participate (or travel), not based on watched travel expenditures. The condition of the participation function plotted underneath can be gotten from any two arrangements of focuses speaking to the causes:

Now,

$slope=\frac{(100-150)}{(0.07-0.05)}=\frac{-50}{0.02}=-2,500$

Substitute this into point slope formula. That is,

$TC-150=-2,500(Q+0.05)$

$TC-150=-2,500Q+125$

$TC-275=-2,500Q$

$Q=0.11-0.0004TC$

Now,

тC 300 275 225 150 75 0 0.04 0.05 participation rate 0.01 0.02 0.03