Suppose That the Marginal Benefit of Having a Security Camera

question 97

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.
The marginal cost of providing security cameras would shift from MC to MC₁ if

• A)a natural disaster increased the value of security cameras in a neighboring town.
• B)technological advances made it easier to monitor multiple cameras from a single location.
• C)more firms began substituting cameras for live security guards.
• D)a crime wave increased the demand for security.

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Definitions:

Phantom Limb Phenomenon

The sensation that an amputated or missing limb is still attached to the body and is moving appropriately with other body parts.

Human Retina

The light-sensitive layer of tissue at the back of the inner eye, which includes cells that convert light into neural signals for visual recognition.

Highly Detailed Vision

A superior visual acuity that encompasses the ability to see fine details with clarity and precision.

Macula

A small central area of the retina in the eye, responsible for sharp, detailed central vision.