Question: The table sets out the marginal benefits that Terri and Sue receive from police officers on duty on the college campus: a. If the police
The table sets out the marginal benefits that Terri and Sue receive from police officers on duty on the college campus:
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a. If the police officers are provided by the city government, is the presence of the police on-campus a private good or a public good?
b. Suppose that Terri and Sue are the only students on the campus at night. Draw a graph to show the marginal social benefit from on-campus police officers on duty at night.
Police officers on duty (number per night) Marginal benefit Terri Sue Idollars per police officer) 18 14 10 18 14 10
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a Police services are nonrival and nonexcludable For these reasonsno... View full answer
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