Question
Broomfield city council is deciding how many police officers the city needs. Broomfield's population is 10,000 people. The marginal cost of a police officer is
Broomfield city council is deciding how many police officers the city needs. Broomfield's population is 10,000 people. The marginal cost of a police officer is $60,000 per year. The marginal benefit schedule of an average city resident from police protection is shown in the table above. Police Protection is a public good. To support the efficient number of police officers, each resident of broomfield will have to pay ___ per year in taxes.
A) $36
B) 18
C) 6.40
D) 60
graph is described below
Number of police officers....... Marginal benefit (dollars from the last officer)
1 8.00
2 7.20
3 6.40
4 5.60
5 4.80
6 4.00
7 3.20
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