In your city, each
police officer has a budgetary cost of $40,000 per year. The property loss from
each burglary is $4,000. The first officer hired will reduce crime by 40
burglaries, and each additional officer will reduce crime by half as much as
the previous one. How many officers should the city hire?
Illustrate with a graph with a
marginal benefit curve and a
marginal cost curve.
+++++++++k
