Kate and poornima are considering contributing toward the creation of a building mural. each can choose whether to contribute $300 to the building mural or to keep that $300 for a pool table. since a building mural is a public good, both kate and poornima will benefit from any contributions made by the other person. specifically, every dollar that either one of them contributes will bring each of them $0.70 of benefit. for example, if both kate and poornima choose to contribute, then a total of $600 would be contributed to the building mural. so, kate and poornima would each receive $420 of benefit from the building mural, and their combined benefit would be $840. this is shown in the upper left cell of the first table. since a pool table is a private good, if kate chooses to spend $300 on a pool table, kate would get $300 of benefit from the pool table and poornima wouldn't receive any benefit from kate's choice. if kate still spends $300 on a pool table and poornima chooses to contribute $300 to the building mural, kate would still receive the $210 of benefit from poornima's generosity. in other words, if kate decides to keep the $300 for a pool table and poornima decides to contribute the $300 to the public project, then kate would receive a total benefit of 3. voluntary contributions toward a public good ka , poornima would receive a total benefit of $210, and their combined benefit would be $720. this is shown in the lower left cell of the first table. complete the following table, which shows the combined benefits of kate and poornima as previously described. poornimacontributes doesn’t contributekate contributes $840 doesn’t contribute $720 of the four cells of the table, which gives the greatest combined benefits to kate and poornima? a. when neither kate nor poornima contributes to the building muralb. when both kate and poornima contribute to the building muralc. when kate contributes to the building mural and poornima doesn't, or vice versanow, consider the incentive facing kate individually. the following table looks similar to the previous one, but this time, it is partially completed with theindividual benefit data for kate. as shown previously, if both kate and poornima contribute to a public good, kate receives a benefit of $420. on the other hand, if poornima contributes to the building mural and kate does not, kate receives a benefit of $510.complete the right-hand column of the following table which shows the individual benefits of kate. hint: you are not required to consider the benefit of poornima. poornimacontribute don’t contributekate contribute $420, -- , --don’t contribute $510, -- , --if poornima decides to contribute to the building mural, kate would maximize her benefit by choosing to(contribute /no contribute ) to the building mural. on the other hand, if poornima decides not to contribute to the building mural, kate would maximize her benefit by choosing to (contribute / not contribute ) to the building mural. these results illustrate(the creation of a positive externality / why markets are efficient / the tragedy of the commons / the free-rider problem).