Lawyer Ayres and economist Levitt considered the net benefits of installing a LoJack from the society's standpoint positive, because the annual installation and service charges on this equipment was:
A)more than the average loss per stolen car.
B)higher than the auto theft insurance paid by car owners
C)lower than the auto theft insurance paid by car owners.
D)less than the average loss per year due to deterred theft.

Question

Quizplus · Accepted Answer

The net benefits of installing a LoJack are considered positive because the cost of installation and service is less than the average loss per year due to deterred theft, meaning the savings from reduced theft outweigh the costs.

Lawyer Ayres and Economist Levitt Considered the Net Benefits of Installing