Please provide relevant graphs

2. A small community is planning to provide a public good, security guards, to improve safety in the neighborhood. The marginal cost of guards is RM895. The marginal benets of the ve individuals for the public good are as follows: Marginal Benets individuals 1 2 3 4 5 Mohd 300 285 265 230 220 Jamilah 285 250 235 200 189 Fatimah 250 200 150 140 1 16 Suraya 200 160 145 130 100 Agus 150 125 100 60 51 a. Determine the Lindahl equilibrium quantity of the public good. (10 pts) b. How do they determine the payment scheme to cover the cost of providing security guards? (5 pts) c. If the good is provided by the market, determine the equilibrium quantity of the public good. (5 pts) (1. Discuss the similarities and differences between political equilibrium and Lindahl equilibrium. (5 pts) 3. The government of Pakistan is planning to review the excise taxes it imposes on a number of goods; rice, cooking oil and wheat. Wheat is a staple food in Pakistan. The price elasticities of demand of the goods are -2.67, -1.00, -0.41 respectively. Currently, the tax rates on the three goods are the same at 3 percent. a) Compare the excess burden of the tax in each of the market under the current tax system. (9pts) 1)) Can the government improve the efciency of the tax system? Discuss your suggestion to the government? (8 pts) c) If equity consideration is taken into account, what will be your alternative suggestion? Discuss. (8pts)