Identify and explain any problems that may occur in the following: (i) Rocky Bend Irrigators refuse to sell water. Describe the outcomes using economic concepts. (ii) Water rights are leased for 10 years from the Irrigation District to the City of Colorado Springs. Discuss the important economic issues for both Irrigators and the City of Colorado Springs.Suppose Denver Metro is a government agency responsible for supplying drinking water to the city of Denver, Colorado. Use Course Concepts to address the following questions.(A) Denver is a large metropolitan city anticipating continuous future growth. What categories of costs must Denver Metro cover to provide residents with adequate quantities of water? Identify 4 (number them) and explain thoroughly