Replying to Econ question

OG_lock:

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.

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