Establish the marginal net benefit functions

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You are a benevolent water manager who is tasked with assigning water to three different types of users: 1) Wheat farmers, 2) Town of Moscow, ID, and 3) Town of Pullman After extensive research from the econ department at WSU, you have been able to establish the following marginal net benefit functions:

Wheat farmers: MNBF = 20 - 0.5qF

Town of Moscow: MNBM = 10 - 0.5qM

Town of Pullman: MNBP = 8 - 0.2qP

Find the water allocation for each user for the following two scenarios (show your calculations, be sure to underline the allocation for each user):

a) Reasonable Winter: Q = 60

b) Drought: Q = 21

Reference no: EM131377238

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