Multiple Choice
It is socially optimal to hire an additional police officer if:
A) the marginal benefit of doing so is positive.
B) hiring an additional police officer reduces crime.
C) the marginal benefit of doing so is greater than the marginal cost.
D) the marginal benefit of hiring a police officer is decreasing.
Correct Answer:
Verified
Correct Answer:
Verified
Q22: In the United States, the emergence of
Q23: Consider a police department trying to decide
Q25: The textbook cites a study comparing a
Q26: Suppose the figure below shows Luke's demand
Q28: The graph below illustrates the marginal cost,
Q29: Two firms, Industrio and Capitalista, have
Q30: Pat has just graduated from college and
Q31: The figure below shows Ava's demand curve
Q32: Consider a police department trying to decide
Q184: The most efficient distribution of pollution abatement