Why Might a Police Officer NOT Pull Over Someone Speeding

question 83

Multiple Choice

Why might a police officer NOT pull over someone speeding two miles over the speed limit?

• A)The explicit costs of stopping the driver over are too high.
• B)The opportunity costs of stopping the driver are too high.
• C)The opportunity costs of stopping he driver are too low.
• D)The explicit costs of stopping the driver are too low.

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Definitions:

Market Wage Rate

The prevailing rate of pay for work of a similar nature within a given labor market.

Hiring Labor

The process of finding, selecting, and employing people to work for wages or salaries.

Profit Maximizing

The mechanism through which a firm calculates the price and output level to maximize its profits.

Workers Paid

Compensation provided to employees in exchange for their labor or services, which can be in the form of wages, salaries, or benefits.