10 Question (3 points) Q See page 230 Here's an externality problem many of you may have encountered. Suppose that Dirk and Lee are two students at your university who are neighbors living in a duplex, in two connected apartments, Dirk is very studious and prefers that the building is quiet. Lee, on the other hand, likes to throw parties and prefers that the building is noisy. Suppose that on any given night the benefits to Dirk of quiet are $200, and the benefits to Lee of throwing a noisy party are $475. One could also say that the costs to Dirk of the party are -$200, and the costs to Lee of quiet are .$475. In the questions that follow, let's see what happens depending on the rules set by the owner of the apartment building 1st attempt Part 1 (1.5 points) Suppose that the owner rules that the building must remain quiet at all times, Thus, Dirk has a legal right to quiet. If this right cannot be negotiated, then the total net benefits to Dirk and Lee are $Part 2 (1.5 points) Now suppose that the owner rules that residents are free to throw a party any time they wish. Thus, Lee has a legal right to party. If this right cannot be negotiated, then the total net benefits to Dirk and Lee are $