It is socially optimal to hire an additional police officer if:
A)the marginal benefit of doing so is positive.
B)hiring an additional police officer reduces crime.
C)the marginal benefit of doing so is greater than the marginal cost.
D)the marginal benefit of hiring a police officer is decreasing.

Question

Quizplus · Accepted Answer

Hiring an additional police officer is socially optimal if the marginal benefit of doing so is greater than the marginal cost. This means that the benefits of hiring an additional officer, such as a reduction in crime and increased safety for the community, outweigh the costs of hiring and training them. The other options, A, B, and D, are all factors to consider, but none of them alone determine whether hiring an additional officer is socially optimal.

It Is Socially Optimal to Hire an Additional Police Officer