1. 3. e marginal benefits of wildlife habitat preservation in a society with just two individuals, Katya and Miguel, are given in the table below.

Acres of wildlife habitat Katya's marginal benefits

(dollars)

Miguel's marginal benefits

(dollars)

1 50 30 2

40 25 3

30 20 4

20 15 5

10 10 6

0 5

a. Draw a graph showing the social marginal benefits of wildlife preservation.

b. Suppose that wildlife preservation costs $40 per acre. How many acres of wildlife habitat should be preserved in this society?

c. What policy would you propose to aieve the efficient provision of wildlife habitat?

d. Whi individual do you think would be less willing to support your policy proposal?

Explain.