4 The social marginal benefits and social marginal costs of using grazing land are shown to the right.af residents are permited unlimited access to the use of the grazing land at a zero price, what is theprivate marginal cost of grazing? Draw the MC curve in the diagram. What level of grazing will occur ithere is unvestricted access to the land? What is the officient level of grazing?Use the 3-point curve drawing tool to plot the marginal private cost curve. Label this curve "MCUse the point drawing tool to plot the level of grazing if there is unrestricted access to the land. Label thispoint GraningUse the point drawing tool to plot the efficient level of grazing Label this point "GrazingentCarefully follow the instructions above and only draw the required objectsDollarsMBSNumber of Animals Grazing on Fixed Quantity of Land

Answer to the question is as follows:1

The social marginal benefits and social marginal costs of using grazing and are shown to the right pered united access to the use of the grazing land at a zero price, what is the ginal cost of grasing? Draw the MC, ourve in the diagram What level of grazing will occur i is the efficient level of gracing? Use the 3 point une drawing tool to plot the marginal private col curve Label this ourve MC Use the point drawing tool to plot the level of grazing if there is unrestricted access to the land. Label this Use the point drawing tool to plot the efficient level of graning Label this point "Grazing Carely follow the instructions above and only draw the required objects MB Number of Animais Gracing on Fixed Quantity of Land