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Can anyone help me with these questions for my homework for environmental econ please?
the diagram above, assume there are 3 million gallons of water available in the aquifer. It water were allocated efficiently,
1. Water is distributed (used) efficiently when... A) the marginal benefits of each user are equalized B) the total marginal

this is the diagram questions 15 is referring to
W Cabove 0 Spices 10 private individuals who agree to private indivi Water Price (per 100 gal) $5.00 $4.00 $1.00 Demand for -
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Answer #1

Answer-14) correct option: B) 1 million of gallons to irrigation and 2 millions of gallons to drinking

Explanation- if quantity supplied = 3 (Mil, gal) , then the corresponding price given by the total demand curve is $1.4. Now at the price of $1.4, the quantity demanded of water for irrigation is 1 million gallons while that for drinking is 2 million gallons.

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