Click Submit to complete this assessment. Question 3 Problem: The following table shows how the marginal benefit (in AED) of security guards varies for four consumers: Quantity Ahmed Basant Kareem Doa 1 800 1200 1600 2000 2 400 800 1200 3 1600 200 400 800 4 1200 100 200 400 800 a. In your opinion, why does the marginal benefit of each of the four people vary? (2 points) b. Assuming this is a pure public good, derive the demand curve for this service (2 points) c. If the marginal social cost of the service is AED 2600, what is the efficient output if this is a pure public good? (2 points) d. How much is Kareem's Lindahl price? (2 points) e. Is this a price-excludable public good? Why? (2 points) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). I os Paragraph Arial 14px III A Click Submit to complete this assessment. Question 3 Problem: The following table shows how the marginal benefit (in AED) of security guards varies for four consumers: Quantity Ahmed Basant Kareem Doa 1 800 1200 1600 2000 2 400 800 1200 3 1600 200 400 800 4 1200 100 200 400 800 a. In your opinion, why does the marginal benefit of each of the four people vary? (2 points) b. Assuming this is a pure public good, derive the demand curve for this service (2 points) c. If the marginal social cost of the service is AED 2600, what is the efficient output if this is a pure public good? (2 points) d. How much is Kareem's Lindahl price? (2 points) e. Is this a price-excludable public good? Why? (2 points) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). I os Paragraph Arial 14px III A