Use the Following Information to Answer the Questions:
Thirty Patrol

question 44

Short Answer

Use the following information to answer the Questions:
Thirty patrol cars are to be apportioned to three precincts according to the monthly crime totals, which are as follows:
$\begin{array}{cc}\underline {\text { Precinct } }& \underline {\text { Crimes reported last month }} \\\text { I } & 94 \\\text { II } & 130 \\\text { III } & 108\end{array}$
-Use the Hamilton's method to determine how many cars should go to each precinct.

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Definitions:

Perfectly Competitive

A market structure characterized by a large number of small firms, identical products, and free entry and exit, leading to price taking behavior.

Long-Run Equilibrium

A state in which all factors of production and costs are variable, allowing firms to enter and exit the market, and no economic forces are pushing for change.

Efficient Scale

The level of production at which a company or industry can produce its products at the lowest average cost, optimizing resource use.

Identical Costs

Costs that are the same in amount or value, often referring to uniform expenses across different units or operations.