Explain the problem of efficient precaution in tort law with the help of a graph depicting the efficient level of precau

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Explain the problem of efficient precaution in tort lawwith the help of a graph depicting the efficient level ofprecaution and explain the marginal conditionillustrated.
b) Assume that a plumber has the choice of installing abudget pipe at a cost of $22, a safe pipe at a cost of $32 and anextremely safe pipe at a cost of $46 in a house. If the pipe shouldbrake the damage would amount to $9,000. In the case of the budgetpipe an accident will occur in one out of one hundredinstallations. In the case of the safe pipe an accident will occurin one out of two hundred installations. In the case of theextremely safe pipe an accident will occur in one out of threehundred installations.
Use your findings to establish which pipe our plumbershould choose to avoid negligence and liability fordamages.