Question
Describe and explain a possible set-up of two water districts where the efficient allocation of a set amount of water delivery cutback results in the
Describe and explain a possible set-up of two water districts where the efficient allocation of a set amount of water delivery cutback results in the same combined total revenue loss as a cutback that is equally divided between two water districts (and allocated WITHIN each district efficiently). To get credit for this, you must work in the plan for the efficient allocation of a water delivery cutback AND show how the equal allocation gets the same result. You may come up with your own graphs but there has to be a clear demonstration of understanding to get credit.
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