Four stores have a problem with theft and security is a public good. Let S stand for the number of person-hours of security patrols per week. The marginal benefit of security patrols to each of the stores is given by the formula MB = 200 - 2S. Patrols cost $20 per hour. Which of the following gives the marginal social benefit function?
A. MSB = 50 - 0.5S
B. MSB = 800 - 8S
C. MSB = 800 - 2S
D. MSB = 196 - 2S
B. MSB = 800 - 8S
Economics
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Education and training programs are most effective when the need for them is greatest
Indicate whether the statement is true or false
Economics