RE: Environmental Economics - Third Canadian Edition
by Barry C. Field & Nancy D. Olewiler
There is a misprint on page 47 in the example at the bottom of the page.
The area of b is fi (5 times $1.33) = $3.32
It should say: The area of b is 1/2 (5 times $1.33) = $3.32
This term I am taking ECON3080 - Natural Resource & Environmental Economics - at Memorial University of NL (MUN) as an online long-distance course.