Suppose the extra cost for a municipality to enact a "no texting while driving" law is $15,000 per year.Then,the municipality should enact the law if it receives a total benefit from all of its traffic laws of $15,000 per year.

Question

Quizplus · Accepted Answer

This statement is incomplete and cannot be determined without more context. The cost of enacting a law must be compared to the benefits of that specific law, not the benefits of "all of its traffic laws." Additionally, the threshold for enacting a law would depend on various factors such as the potential reduction in accidents and the cost saved from such accidents.

Suppose the Extra Cost for a Municipality to Enact a "No