Question 1: Suppose that two roommates are buying plants for their apartment. Chuck [denoted with "C") and Judy (denoted with "3") would each gain the marginal benefits as a function of the quantity of plants purchased (Cl) given by: MBC = 20 Q ME; = 30 20 However, each individual plant costs money, with the marginal cost of each unit given by: MC = 4 + 0.25Q Given these marginal benefit curves and the marginal cost curve: 1. What is the maximum quantity that would he purchased in the private market? 2. What is the socially optimal quantity to purchase? Question 2: Using our answers to Question 1 before: 1. What is the Total Surplus generated in the private market equilibrium? 2. What is the Total Surplus generated in the socially optimal equilibrium