Consider the following marginal net benefit curves for two water using agricultural farms we discussed in class(labeled A and B). There are two different water supply levels available in different years labeled by S0 and S1 1(B). How much water would user B receive if we efficiently allocated water under the S1 supply conditions? 1. If water is an input to agricultural production, what does your answer in part B suggest about who has more substitutes for water? Explain

A) Show and discuss the economics of land reform policy to redistribute agricultural lands across two equal groups of farmers. Assume the two groups have the same human capital in terms of farming (same Marginal Product curves) and that the amount of agricultural available land is fixed and constraining. B) Find the agricultural output maximizing allocation of land between the two groups. C) Show graphically that any other allocation of land will result in lower total output. D) Discuss the output per person in each group under both scenarios and why a sub-optimal distribution of land might persist. I need argunt . I will give good rating

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Problem 3: Agricultural Household Chantal lives with her husband and three children in the village of Gicymbi in Northern Rwanda. Her family is an agricultural household that produces beans for household consumption and if their production is more than what they consume, they sell the remaining in the local market of Gicumbi, If they produce less than they must consume, her household purchases beans from the local market. In this problem, we will answer how the welfare of Chantal's household gets affected when price of beans changes. (b) What happens to the well-being (utility) of Chantal's household, i.e., the total effect of a price change in beans is ambiguous. Explain in a few sentences using the concepts of price effect and profit effect. To complete the description of Chantal's household consumption, let us assume they consume two more items cassava and maize, which they do not produce. The following table provides the details of their production and consumption. Fill out the…

1) Calculate the extra profit (or cost savings) the firm receives from participating in the permit market given their initial allocation of permits (7) and the market price of $1. Show your work. 2) Shade the area on the graph that represents your numerical answer from the previous question. МАС 10 7 6 2 1 2 3 4 5 6 7 8 9 10 Abatement

Suppose the given functions describe the market for artisanal single-batch maple syrup. If climate change would cause this market to collapse entirely*, what is the total market benefit of avoiding that environ- mental catastrophe? 7.5 2 Ps= 5+Qs *Extraction of syrup requires below-freezing nights and relatively warm days in the winter PD = 100 QD

MSC MPC [Suggested time 12 mins.] MSB HPB Use the labelled points in this graph to identify the requested area. Pay attention to whether the points are labelled with a capital or lower-case letter. Use the same in your answer. Do not include any spaces, numbers, or symbols/punctuation in your answer -- just the letters close together.

Consider a two- period dynamic resource allocation problem where the efficient resource allocation implies a market price of $6 in the first period (i. e., P1 = 6). Assuming that the constant marginal extraction cost in both periods is $3 and that the social discount rate is 10% (i.e., r = 0.10), the socially efficient undiscounted market price in the second period (P2) must be (Hint: use the efficiency condition.) Question 10Answer a. $7 b. $6.30 c. $600 d. $6