Multiple Choice
-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.
Correct Answer:
Verified
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