Question
Explain whether you agree or disagree with the bolded statement below and explain your answer using economic reasoning.That is, if you agree with the bolded
Explain whether you agree or disagree with the bolded statement below and explain your answer using economic reasoning.That is, if you agree with the bolded statement, explain why, and if you disagree, explain why not and explain your preferred policy recommendation.
Assume you are appointed head of the U.S. Department of Homeland Security in charge of preventing illegal crossings along a section of the U.S.-Mexico border.You have a weekly budget of $16,000.As department head, you get satisfaction (or "utility") from preventing illegal border crossings and you have at your disposal two methods for preventing illegal crossings:1)Hiring border security personnel to patrol strategic points along the border at a cost of $1000 per week per person or 2)Purchase surveillance drones to patrol the border at a weekly cost of $3,000 per drone.Based on the data below, explain whether you agree or disagree with the following statement made by a subordinate:"Based on the data, the department's "utility" is highest if we employ 16 security personnel because drones are just too expensive."
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