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A village has 5 farmers. Each summer, all the farmers graze their sheep on the village green. The cost of buying and caring for sheep

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A village has 5 farmers. Each summer, all the farmers graze their sheep on the village green. The cost of buying and caring for sheep is very small and can be regarded as 0. The value to a farmer of grazing a sheep on the green when a total of Esheep are grazing is v(F) per sheep: F V(F) (price of a sheep) 1 $11 2 $10 3 $8 4 $5 5 $1 6+ $0 The socially efficient outcome is (choose one) The socially efficient outcome is (choose one) every farmer owns one sheep. one farmer owns 5 sheep and the other four farmers own O sheep. one farmer owns 3 sheep and the other four farmers own a total of 2 sheep. the village has a total of 3 sheep to be grazed on the village green. the village has a total of 4 sheep to be grazed on the village green. the village has a total of 2 sheep to be grazed on the village green

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