Four Stores Have a Problem with Theft and Security Is

Multiple Choice

Four stores have a problem with theft and security is a public good.Let S stand for the number of person-hours of security patrols per week.The marginal benefit of security patrols to each of the stores is given by the formula MB = 200/(1 + S) .Patrols cost $25 per hour.What is the socially efficient level of security?

A) 31 person-hours of patrols per week
B) 15 person-hours of patrols per week
C) 25 person-hours of patrols per week
D) 32 person-hours of patrols per week