Part 1 Write down the total water use for each district. Make sure to include the units and be mindful of the scale in the horizontal axis. Part 2 Calculate the total revenue for each water district. Show all your work and clearly identify the final answer for each district by drawing a box around the answer and writing the Water District number. In making the calculation, make sure to identify the revenue for each crop so that the sum for the water district is clear. Attach an additional piece of paper (after this page) if you need more space to show the calculations. Be mindful of the scale of the water axis to get the correct dollar values. Part 3 Interpret the marginal revenue value for the highest value crop in Water District 1 and Water District 2. Note that we are NOT yet talking about any cutback situation.

Part 1 Write down the total water use for each district. Make sure to include the units and be mindful of the scale in the horizontal axis. Part 2 Calculate the total revenue for each water district. Show all your work and clearly identify the final answer for each district by drawing a box around the answer and writing the Water District number. In making the calculation, make sure to identify the revenue for each crop so that the sum for the water district is clear. Attach an additional piece of paper (after this page) if you need more space to show the calculations. Be mindful of the scale of the water axis to get the correct dollar values. Part 3 Interpret the marginal revenue value for the highest value crop in Water District 1 and Water District 2. Note that we are NOT yet talking about any cutback situation.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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