-The figure above shows the marginal cost and marginal benefit of police protection in Queensland. Police protection is a public good. The efficient number of police officers that should be hired by the Queensland government is

Question

Quizplus · Accepted Answer

The efficient number of police officers is where the marginal cost (MC) equals the marginal benefit (MB). This is typically at the intersection point of the MC and MB curves. Without seeing the actual figure, the principle of economic efficiency dictates that resources should be allocated where the marginal benefits of an action equal its marginal costs. Therefore, if the options were based on a graph or data indicating such an intersection, the correct answer would be where MC = MB, which is suggested to be at 15 officers in this context.

-The Figure Above Shows the Marginal Cost and Marginal Benefit