Question: The figure below shows the demand curve for a U.S. farmer for irrigating his land. It costs $100 per acre to irrigate the land.

The figure below shows the demand curve for a U.S. farmer for irrigating his land. It costs $100 per acre to irrigate the land Each acre of land irrigation generates salty runoff that winds up in the Colorado River. It costs $50 to desalinate this river water so Mexican farmers can irrigate their crops Price (S) Tools 275 250 225 200 175 150 125 100 75 50 25 MC pvt MCsocial 10 20 30 40 50 60 70 80 90 100110120 Irrigation (acres) 

The figure below shows the demand curve for a U.S. farmer for irrigating his land. It costs $100 per acre to irrigate the land. Each acre of land irrigation generates salty runoff that winds up in the Colorado River. It costs $50 to desalinate this river water so Mexican farmers can irrigate their crops. Price ($) 275 Tools 250 225 MCpvt MCsocial 200 175 150 125 100 75 50 25 D=MBv=MBsod 10 20 30 40 50 60 70 80 90 100110120 Irrigation (acres) a. Draw the marginal private cost of irrigation on the graph. Instructions: Use the tool provided (MCpvt) and plot only the two endpoints across the entire range of output (0 - 100). b. Draw the marginal social cost of irrigation on the graph. Instructions: Use the tool provided (MCsocial) and plot only the two endpoints across the entire range of output (0 - 100). C. A U.S. farmer will irrigate acres d. The efficient level of irrigation is acres

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