Suppose a Town Can Earn an Additional $10,000 Per Year

question 45

Essay

Suppose a town can earn an additional $10,000 per year in revenue if it installs a red-light camera at its busiest intersection.At what additional cost would installing this camera not be considered economically rational?

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Definitions:

Homosexual Anal Sex

Sexual activity involving the insertion of the penis into the anus between two men.

Oral Sex

Sexual activity involving the stimulation of the genitalia by the use of the mouth, lips, or tongue.

Intangibility

A characteristic of services that means they cannot be seen, touched, or made tangible in the same way physical products can be.

Consumers

Individuals or groups who purchase products or services for personal use rather than for manufacturing or resale.