Suppose That the Marginal Benefit of Having a Security Camera

question 90

Multiple Choice

Suppose that the marginal benefit of having a security camera in the library is given by MB,at the supermarket is given by MB₁ and at the museum is given by MB₂.All values are per week.
An increase in crime would

• A)shift the marginal cost curve from MC to either MC₁ or MC₂.
• B)reduce the differences between each marginal benefit curve.
• C)shift marginal benefit curves to the left.
• D)shift marginal benefit curves to the right.

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Definitions:

Children's Development

The physical, cognitive, emotional, and social growth that happens in children from birth through early adulthood.

Skills

The ability to do something well, often developed through training or experience.

Knowledge

Information, understanding, or skill that one gets from experience or education; the theoretical or practical understanding of a subject.

Information-Processing Perspective

A psychological approach that likens human thought to the workings of a computer, focusing on the ways we take in, store, and retrieve information.