A small town in Western Oregon decides to build a road to connect the town to Interstate 5. Initially, the town council decides to have no restrictions on access to the road. Assume that each person in the small town has a value function for using the road that is conditional on the number of other people using the road at the same time. The value function is V = 10-0.5q. The marginal value function is MV= 10 - q. Assume each individual's opportunity cost for using the new road is $2 [i.e. MC = 2]. a. b. C. d. e. f. g. Construct a graph to depict the V, MV, and MC curves and use this graph to supplement your answers to questions below. Make sure to label all intercepts & curves. Calculate the net value if 11 people use the new road. How many people use the new road at the market equilibrium? Calculate the net value at the market equilibrium. How many people use the new road at the socially optimal equilibrium? Calculate the net value at the socially optimal equilibrium. What characteristic of the new road must be changed in order to avoid over use of the open access resource?