Mathematics · Valuation Methods
Using the Travel Cost Method, a researcher estimates that 500 visits are made to a park per year. The average travel cost per visitor is ₹200, and the average consumer surplus per visitor is ₹100. What is the estimated total economic value of the park per year?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹2,00,000
- 2₹50,000
- 3₹1,00,000
- 4₹1,50,000✓
Correct answer
₹1,50,000
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