If water is constrained to 10 units, would everyone in this system be happy assuming they are profit maximizers? Explain fully including a discussion of how much water each user would pump. If water is constrained to 6 units, would everyone in this system be happy? Explain fully including a discussion of how much water each user would pump. Does the order (i. e. timing of the growing season) matter? In other words, if irrigation for blueberries were required earlier in the season compared to wine, would this cause conflict among the two users? How might the two users resolve conflict?
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If water is constrained to 10 units, would everyone in this system be happy assuming they are profit...
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