Given the farmer's demand curve, what is the maximum annual flat charge for irrigation water the farmer would be willing to pay if the price of $10 per acre-foot is also available(as an alternative)? 375 400 450 500 550

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Given the farmer's demand curve, what is the maximum annual flat charge for irrigation
water the farmer would be willing to pay if the price of $10 per acre-foot is also available(as
an alternative)?
375
400
450
500
550
Transcribed Image Text:Given the farmer's demand curve, what is the maximum annual flat charge for irrigation water the farmer would be willing to pay if the price of $10 per acre-foot is also available(as an alternative)? 375 400 450 500 550
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