Question
Assume that an additional $50,000 in benefits will be received each year if a town hires an additional police officer whose only job would be
Assume that an additional $50,000 in benefits will be received each year if a town hires an additional police officer whose only job would be to catch drivers who drive over the speed limit on its only street. What must the additional cost of this additional police officer be to make this hiring economically rational?
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Managerial Economics And Financial Analysis
Authors: M.S. Bhat, A.V. Rau
1st Edition
9352300211, 978-9352300211
