Question
b. Suppose the total available water supply equals 25. Show this on your graph. c. If the total available water supply equals 25, what
b. Suppose the total available water supply equals 25. Show this on your graph. c. If the total available water supply equals 25, what should the price of water be? What would be the optimal allocation of water between the two users? d. If the total available water supply equals 60, what is the optimal of water between the two users? What should the price of water be? Show this on your graph.
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
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