menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Foundations of Macroeconomics
  4. Exam
    Exam 11: Public Goods and Common Resources
  5. Question
    -The Figure Above Shows the Marginal Cost and Marginal Benefit
Solved

-The Figure Above Shows the Marginal Cost and Marginal Benefit

Question 159

Question 159

Multiple Choice

  -The figure above shows the marginal cost and marginal benefit of police protection in the city of Hugo,Oklahoma.Police protection is a public good.The efficient number of officers that should be hired by the city of Hugo is A)  15. B)  25. C)  10. D)  0. E)  More than 25 because MB > $0 when 25 officers are hired.
-The figure above shows the marginal cost and marginal benefit of police protection in the city of Hugo,Oklahoma.Police protection is a public good.The efficient number of officers that should be hired by the city of Hugo is


A) 15.
B) 25.
C) 10.
D) 0.
E) More than 25 because MB > $0 when 25 officers are hired.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q154: Because national defense is potentially subject to

Q155: Government bureaucracies over-provide public goods and grow

Q156: In the figure above,the efficient quantity of

Q157: A good that is _ and _

Q158: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure

Q160: When use of a good decreases the

Q161: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The table above

Q162: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure

Q164: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The table above

Q168: How is the efficient quantity of public

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines