A police department is trying to allocate crime control resources between murder and burglary.Detectives cost $40,000 each.Suppose that she marginal benefit of one less murder is $20,000 while the marginal benefit of one less burglary is $1,000.The number of murders and burglaries that occur at different levels of detective allocation is shown in the table.
Suppose the police department has $160,000 to spend on detectives.The allocation of detectives which results in the greatest social benefit is to assign
A) all four detectives to murder prevention.
B) two detectives to murder prevention and two to burglary.
C) three detectives to murder prevention and one to burglary.
D) one detective to murder prevention and three to burglary.
Correct Answer:
Verified
Q108: Public schools require proof that a child
Q116: School districts in which relatively more parents
Q117: This graph illustrates the marginal cost,marginal private
Q118: Suppose a treacherous stretch of road
Q120: This graph illustrates the marginal cost,marginal private
Q122: Suppose that the marginal benefit of having
Q123: Suppose that the marginal benefit of having
Q124: Suppose a treacherous stretch of road
Q125: Suppose that the marginal benefit of having
Q134: As a general rule,failure to equalize the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents