Can someone please help me with this problem?

2. You own a dog that you love very much named Cujo, but out of excitement, she has a tendency to run up to people and trip them. When you take her out on a walk, you can take precaution x;; for example, you could shorten the leash or walk in less crowded areas. In the event that Cujo trips somebody, assume that the victim sustains damages A = 20. You are also given the following information: px) =e, w; =4 [Hint: %(e""i) =e i ] a. Draw a well labeled diagram with x; on the horizontal axis, and dollars on the vertical axis. Include the precaution costs, expected accident costs, and the total social cost for you. b. Determine the socially optimal amount of precaution, x;*, that you should take. [Expect decimal answers and using the natural log operator in your calculator]. c. Why is the socially optimal amount of precaution, x;*, not equal to 0? Use marginal benefit and marginal cost in your explanation. d. Under strict liability, what level of precaution would you choose? Explain intuitively, and indicate which curves in your graph for part (a) are the costs that you incur. e. Under no liability, what level of precaution would you choose? Explain intuitively, and indicate which curves in your graph for part (a) are the costs that you incur