Suppose That the Marginal Benefit of Having a Security Camera

question 91

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:

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The act of bringing goods or substances into a country in violation of its laws or regulations, often to avoid taxes or because the items are prohibited.

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A method of manufacturing using machinery and division of labor, characteristic of the Industrial Revolution, which replaced the traditional artisan workshops.

Textiles

Materials that are woven or knitted, typically used for making clothes and other objects.

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A place where iron is smelted, forged, or processed into finished products.