Suggest a suitable valuation method that would satisfy


Problem

Island A has decent potential to be developed. Tourism potential of Island A is the charm of nature, cultural communities and attractions are being built or not. Potential natural scenery, among others, sparkling beaches, beautiful forests, a fairly cool climate is perfect place, hiking scenery and hilly topography which can provide varied atmosphere. Another potential in Island A such as community cultural life of rural communities, traditional art, traditions and customs, handicraft industry, and others. However, the development of ecotourism such as Island A should not be treated as economic goods but as public goods. This treatment is associated with rehabilitation, development, and utilization for ecotourism. This effort can make evaluation in line with economic principle. Suggest a suitable valuation method that would satisfy economist for determining the economic values of ecotourism.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Suggest a suitable valuation method that would satisfy
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