-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. If voters in Broomfield are rationally ignorant and the police department achieves the highest attainable budget, the political equilibrium is ________ police officers.
A) 6
B) 7
C) 4
D) 3
Correct Answer:
Verified
Q115: Q116: Q117: Q118: Q119: The principle of minimum differentiation reflects the Q121: In the political market place, typical voters Q122: Two candidates are running for election as Q123: Rational ignorance says that voters will Q124: In an unregulated market for healthcare, the Q125: For health care, the perceived marginal benefit Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
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