1. Categories of goods Complete the following table by selecting the appropriate definition for each of the given terms. 2. What kind of good is it?

1. Categories of goodsComplete the following table by selecting the appropriate definition for each of the given terms.2. What kind of good is it?Determine whether each of the following goods is a private good, a public good, a common resource, or a club good.3. Voluntary contributions toward a public goodHubert and Manuel 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 weekend getaway.Since a building mural is a public good, both Hubert and Manuel 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 Hubert and Manuel choose to contribute, then a total of $600 would be contributed to the building mural. So, Hubert and Manuel 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., Manuel 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 Hubert and Manuel as previously described.ManuelContributes