Suppose that the marginal benefit of having a security camera in the library is given by MB,at the supermarket is given by MB₁ and at the museum is given by MB₂.All values are per week.
The marginal cost of providing security cameras would shift from MC to MC₁ if

Question

Suppose that the marginal benefit of having a security camera in the library is given by MB,at the supermarket is given by MB₁ and at the museum is given by MB₂.All values are per week.

Suppose that the marginal benefit of having a security camera in the library is given by MB,at the supermarket is given by MB<sub>1</sub> and at the museum is given by MB<sub>2</sub>.All values are per week. The marginal cost of providing security cameras would shift from MC to MC<sub>1</sub> if A) a natural disaster increased the value of security cameras in a neighboring town. B) technological advances made it easier to monitor multiple cameras from a single location. C) more firms began substituting cameras for live security guards. D) a crime wave increased the demand for security.

The marginal cost of providing security cameras would shift from MC to MC₁ if

Quizplus · Accepted Answer

Technological advances that make monitoring multiple cameras from a single location easier would decrease the marginal cost of providing security cameras, causing a shift from MC to MC₁. This would make it more efficient and cost-effective to provide security cameras, leading to an increase in their use. Options A, C, and D do not directly affect the marginal cost of providing security cameras and therefore would not cause a shift in the marginal cost curve.

Suppose That the Marginal Benefit of Having a Security Camera