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The following data refers to the wumber of logging operations working in a stretch of Tropical rainforest, Excluding externalities, the private cost of a logging operation is $30 thousand per week. Logs sell at the price of $1 per log. 1). Fill in the chart below. (15 Marks) # of Operations Total Harvest Average Harvest Marginal Harvest (1000 logs) (1000 lots) (1000 logs) 40 2 75 130 150 6 165 7 175 187 by What is the number of logging operations in the forest that maximizes total profits in the industry (ignoring culemalitics)? (15 Marks) c). How much total resource rent is generated at this level of harvest? (15 Marks) 1/3 d With open access to the forest, how many folks will wind up logging? (15 Marks) c) With open access, will there be any resource rent earned by the loggers? (10 Marks) f) Which of the following arc externalities associated with logging? (10 Marks) Loss of genetic material for medical or agricultural applications Low wages for forestry workers Release of carbon dioxide stored in the "carbon sink" of the forest Building of roads by the companies to access timber Suppose the total externalities associated with deforestation could be valued at $10 000 per operation. g). What is the efficient number of operators? (10 Marks) hi. What is the open access number of operators? (10 Marks)