-The Figure Above Shows the Marginal Cost and Marginal Benefit

question 149

Multiple Choice

-The figure above shows the marginal cost and marginal benefit of police protection in the city of Hugo,Oklahoma.Police protection is a public good.If the city of Hugo hires 5 officers,marginal

• A) cost exceeds marginal benefit, so therefore fewer officers should be hired.
• B) benefit exceeds marginal cost, so therefore more officers should be hired.
• C) benefit equals marginal cost.
• D) benefit exceeds marginal cost, so therefore no more officers should be hired.
• E) benefit exceeds marginal cost but not by as much as possible, so 5 officers is not the efficient number to be hired.

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