Suppose that the marginal benefit of having a security guard at the airport is MB₁,at the bank is MB₂,and at the mall is MB₃.The marginal cost of assigning security guard is the same for all three places,and it is represented by MC₂.
The marginal cost curves are upward-sloping because the first guards assigned are the guards with the lowest opportunity costs for performing this task.This is referred to as the

Question

Suppose that the marginal benefit of having a security guard at the airport is MB₁,at the bank is MB₂,and at the mall is MB₃.The marginal cost of assigning security guard is the same for all three places,and it is represented by MC₂.

Suppose that the marginal benefit of having a security guard at the airport is MB<sub>1</sub>,at the bank is MB<sub>2</sub>,and at the mall is MB<sub>3</sub>.The marginal cost of assigning security guard is the same for all three places,and it is represented by MC<sub>2</sub>. The marginal cost curves are upward-sloping because the first guards assigned are the guards with the lowest opportunity costs for performing this task.This is referred to as the A) law of demand. B) law of supply. C) law of diminishing marginal utility. D) low-hanging-fruit principle.

The marginal cost curves are upward-sloping because the first guards assigned are the guards with the lowest opportunity costs for performing this task.This is referred to as the

Quizplus · Accepted Answer

The low-hanging-fruit principle suggests that it is best to start with the options that offer the greatest benefit at the lowest cost. In this case, the marginal cost of assigning a security guard is the same for all three places, but the marginal benefits differ. Therefore, the best choice would be to assign the security guard to the place with the highest marginal benefit, which is the mall (MB₃). This is the "low-hanging-fruit" option because it offers the highest benefit at the same cost as the other options.

Suppose That the Marginal Benefit of Having a Security Guard