Question : The figure below shows the daily market for water skiing : 5854
The figure below shows the daily market for water skiing permit on B Dorado Lake. Suppose each skater teach permit causes $4 change to the lake. Instructions: Round your answers to the nearest whale number. a. If the is no government intervention in this market, the loss of surplus is Sn/r 0 b. Suppose the government imposes a 512 tax on supplies of sk permits. Compared to no intervention the net surplus loss 0 from this tax is sn/r 0 c. The socially optimal level of water skiing is n/r 0 permits.