Broomfield city council is deciding how many police officers the city needs. Broomfield's population is 10,000 people. The marginal cost of a police officer is 60,000 per year.
The marginal benefit schedule of an average city resident from police protection is shown in the table above. Police protection is a public good. The marginal benefit for all of Broomfield from hiring the 4th police officer is A) 56,000.
B) 5.60.
C) 8,000.
D) 6.00.
Question 2
When a government fines and/or imprisons persons convicted of using illegal drugs, the government is attempting to decrease the illegal drug trade by shifting the ________ curve for illegal drugs ________.
A) demand; rightward
B) demand; leftward
C) supply; rightward
D) supply; leftward
Animal extinctions and human population growth.
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