Order the answer to: Figure 18P-2 shows the marginal private benefit to a U.S.

Paper help business-economics Order the answer to: Figure 18P-2 shows the marginal private benefit to a U.S.

business-economics

Order the answer to: Figure 18P-2 shows the marginal private benefit to a U.S.

Question a. Draw the marginal private cost of irrigation on the graph.
b. Draw the marginal social cost of irrigation on the graph.
c. How many acres will the U.S. farmer irrigate?
d. What is the efficient level of irrigation?
e. What would be the total gain in surplus if this externality could be internalized?
Subject business-economics
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