The Figure Below Shows the Marginal Benefit of Hiring a Security

question 101

Multiple Choice

The figure below shows the marginal benefit of hiring a security guard at the airport (MB_A) _, the bank (MB_B) and City Hall (MB_C) . The marginal cost of hiring a security guard is the same at all three places and is given by MC. If each place hires the socially optimal number of security guards, the marginal benefit of the last security guard hired at each place will be the:

• A)same at all three places.
• B)highest at the airport.
• C)highest at the bank.
• D)highest at City Hall.

Understand the criteria for effective organization in management processes.

Understand the basic definitions and purposes of various types of bonds and funds.

Recognize the characteristics and functions of corporate bonds.

Differentiate between government securities such as Treasury bills, notes, and bonds.

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Definitions:

Iron and Aluminum

Essential metals abundant in the Earth's crust, often forming various minerals and playing crucial roles in industrial applications.

Leached

Leached describes the process by which soluble nutrients or chemicals are washed out of soil or materials due to the movement of water.

Tropical Climate

A non-arid climate characterized by consistent high temperatures throughout the year, usually found within 23.5 degrees north or south of the equator.

Organic Debris

Organic matter, such as leaves, twigs, and other plant or animal material, that has accumulated in a natural environment.