The Philadelphia Police Department must decide how to allocate police officers between West Philadelphia and Center City. Measured in arrests per hour, the average product, total product, and marginal product in each of these two areas are given in the table below. Currently the police department allocates 200 police officers to Center City and 300 to West Philadelphia. If police can be redeployed only in groups of 100, how, if at all, should the police department reallocate its officers to achieve the maximum number of arrests perhour?
Answer to relevant QuestionsWhen Paul Samuelson switched from physics to economics, Robert Solow is said to have remarked that the average IQ in both disciplines went up. A by-stander responded that Solow’s claim must be wrong because it implies that ...Suppose that a firm with the production function Q = min (2K, 3L)Is currently using 6 units of capital and 5 units of labor. What are the marginal products of K and L in this case?A firm finds that no matter how much output it produces and no matter how input prices vary, it always minimizes its costs by buying half as many units of capital as of labor. Draw this firm’s isoquant map.A firm with the production function Q = F (K, L) is producing an output level Q* at minimum cost in the long run. How will its short- run marginal cost when K is fixed compare with its short- run marginal cost when L is ...Why are pecuniary economies and diseconomies said to be the exception rather than the rule?
Post your question