1. Noise pollution has adverse effects on whales. Unfortunately, we don't really know all of the damages incurred by whales (i.e., the marginal damage function is uncertain). The graphs below show the marginal abatement costs of reducing noise from whale-watching boats and naval vessels. For which type of boat would a tax on noise pollution be more efficient? Why? Show graphically AND explain in words the quantity of pollution and the welfare effects associated with the three possible damage functions. (20 points) $/decibel MD High MDExpected MAC whale watching boat MDLOW Noise (decibels) $/decibel MD High MAC container ship MD Expected MDLOW Noise (decibels) 1. Noise pollution has adverse effects on whales. Unfortunately, we don't really know all of the damages incurred by whales (i.e., the marginal damage function is uncertain). The graphs below show the marginal abatement costs of reducing noise from whale-watching boats and naval vessels. For which type of boat would a tax on noise pollution be more efficient? Why? Show graphically AND explain in words the quantity of pollution and the welfare effects associated with the three possible damage functions. (20 points) $/decibel MD High MDExpected MAC whale watching boat MDLOW Noise (decibels) $/decibel MD High MAC container ship MD Expected MDLOW Noise (decibels)