Suppose That the Marginal Benefit of Having a Security Guard

question 78

Multiple Choice

Suppose that the marginal benefit of having a security guard at the airport is MB₁,at the bank is MB₂,and at the mall is MB₃.The marginal cost of assigning security guard is the same for all three places,and it is represented by MC₂.
The marginal cost curves are upward-sloping because the first guards assigned are the guards with the lowest opportunity costs for performing this task.This is referred to as the

• A) law of demand.
• B) law of supply.
• C) law of diminishing marginal utility.
• D) low-hanging-fruit principle.

---

Definitions:

Education Section

A part of a resume or document that lists academic qualifications, degrees, and institutions attended, often highlighting relevant coursework and achievements.

Application Letter

A written appeal or request for a position, often highlighting qualifications and interest in the role.

Standalone Keyword Summary

A concise overview or list of main keywords used independently from the context, often for the purpose of highlighting the core topics or themes.

Introductory Statement

An opening remark or paragraph that sets the stage for a speech, essay, or report, providing context or background.