If increasing police patrols in a neighborhood requires paying officers overtime,then the marginal cost of additional police patrols

Question

Quizplus · Accepted Answer

Marginal cost refers to the cost of producing an additional unit of a good or service. In this case, the marginal cost of additional police patrols would increase if officers need to be paid overtime. This is because overtime pay is typically higher than regular pay, and therefore the cost of additional patrols would be higher.

If Increasing Police Patrols in a Neighborhood Requires Paying Officers