Four stores have a problem with theft and security is a public good. Let S stand for the number of personhours of security patrols per week. The marginal benefit of security patrols to each of the stores is given by the formula . Patrols cost $25 per hour. What is the socially efficient level of security (rounded to the nearest whole number)?

Question

Four stores have a problem with theft and security is a public good. Let S stand for the number of personhours of security patrols per week. The marginal benefit of security patrols to each of the stores is given by the formula  . Patrols cost $25 per hour. What is the socially efficient level of security (rounded to the nearest whole number)?

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The Answer of Four stores have a problem with theft and security is a public good. Let S stand for the number of personhours of security patrols per week. The marginal benefit of security patrols to each of the stores is given by the formula  . Patrols cost $25 per hour. What is the socially efficient level of security (rounded to the nearest whole number)?

Four Stores Have a Problem with Theft and Security Is