Part 1 Write out the equimarginal principle for the water delivery cutback context. Be complete and make sure to adjust for the context of water delivery cutbacks. Part 2 Using the (same) graphs on the next page, determine the state government's efficient overall cutback of 60,000AF of water deliveries on the graphs on the next page. To do this, - Draw a vertical line at the final cumulative water usage level for each district; - Highlight the area of the total revenue loss for each district; and, - Calculate the total revenue loss for each district. Part 3 Explain your process for generating the levels of water delivery cutback for each water district in your answer to Part 2 above. That is, describe each step taken and why it was done. Don't repeat calculations or drawings but focus on why you did what you did. Write your answer on a separate page and be sure to include it in your scan