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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Write-To-Learn 6

Write-To-Learn 6

Q The change of your WTP Please pick a product and answer the following questions in order. Question 1: How much are you willing to pay for __________ (such as Disney theme park one-day pass, Adventure Landing water park admission, Outback $50 gift card)? Question 2: Does your WTP for that good stay the same all the time? Question 3: If answered yes in Question 2, please explain why. If answered no in Question 2, please describe how your WTP changes over time by using your own experience. For example, my WTP for Outback $50 gift card during Thanksgiving is $40, but during COVID-19 is only $30 because ...... Word requirement: 100-150 words Please save your assignment as a word or PDF file. I can NOT open .pages file. Thank you! Rubric Write-to-Learn Rubric Write-to-Learn Rubric Criteria Ratings Pts This criterion is linked to a Learning OutcomeWord Requirement 1 pts Satisfactory 0 pts Unsatisfactory 1 pts This criterion is linked to a Learning OutcomeGrammar 1 pts Satisfactory Posts are largely free of grammatical and spelling errors 0 pts Unsatisfactory The writing assignment includes some grammatical and spelling errors that distract the reader 1 pts This criterion is linked to a Learning OutcomeContent 6 to >4.0 pts Satisfactory This assignment displays a good understanding of the economic model or concept. 4 to >2.0 pts Limited This assignment displays a basic understanding of the economic model or concept, such as restate the definition in general. If fails to apply the model or concept to explain the particular question. 2 to >0 pts Unsatisfactory This assignment shows little or no understanding of the economic model or concept. 6 pts Total Points: 8 PreviousNext

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Question 1: For a movie ticket I will be willing to pay 5 dollars for the first show which will come down to 3 dollars the next day. The reason is that it will be the first day, and I might able to meet the movie stars. Question:2 No, my willingness to pay for goods and services changes with time. There are various factors that contribute towards change in willingness to pay.