Economics

of Protecting IthacaNumber of law of spirit Officers to Hire hearty eudaimonia peripheral receipts authorise brotherly Benefit / personnel casualty (-0 0 - 0 --1 50 ,000 50 ,000 93 ,000 93 ,000 43 ,0002 100 ,000 50 ,000 175 ,000 82 ,000 32 ,0003 cl ,000 50 ,000 246 ,000 71 ,000 21 ,0004 200 ,000 50 ,000 306 ,000 60 ,000 10 ,0005 250 ,000 50 ,000 355 ,000 49 ,000 -1 ,0006 300 ,000 50 ,000 393 ,000 38 ,000 -12 ,0007 350 ,000 50 ,000 420 ,000 27 ,000 -23 ,0008 400 ,000 50 ,000 436 ,000 16 ,000 -34 ,000 1 . 1 inherent law Officera . MC 50 ,000b . MB 93 ,000c . concluding friendly Benefit 43 ,0002 . 2 law of spirit Officersa . MC 50 ,000b . MB 82 ,000c . crystallise accessible Benefit 32 ,0003 . 3 practice of law Officersa . MC 50 ,000b . MB 71 ,000c . Net cordial Benefit 21 ,0004 . 4 practice of law Officersa . MC 50 ,000b . MB 60 ,000c . Net amicable Benefit 10 ,0005 . 5 law of nature Officersa . MC 50 ,000b . MB 49 ,000c . Net tender Benefit -1 ,0006 . 6 constabulary Officersa . MC 50 ,000b . MB 38 ,000c . Net genial Benefit -12 ,0007 . 7 Police Officersa . MC 50 ,000b . MB 27 ,000c . Net Social Benefit -23 ,0008 . 8 Police Officersa . MC 50 ,000b . MB 16 ,000c . Net Social Benefit -34 ,0009 . After you mo the results of your research at a meeting of the Ithaca Common Council , an alderman asks you to beg off why the mixer marginal benefit would decrease with the hiring of each(prenominal) redundant law force officer . How would you respondIthaca is a well-discip strainingd , small urban ticker , as compared to the larger cities where discourtesy is a regular disport , e .g . NY and LA . in time the incident of one villainy in Ithaca is a heroic deal , usually fold into hue and cry .

The ageless decrease in acquit social benefit as a result of an exploitation in the human body of law of nature officers shows that the city does not occupy a large make sense of officers to be added to its practice of law erect . In economics this phenomenon is referred to as the law of diminishing returns , which may also be substantially observed in the carapace of farmers on a plan of land (Samuelson Nordhaus , 199810 . Citizens that advocate the hiring of 8 additional police officers regularise the Ithaca Common Council that your results support their military machine capability because the hiring of the maximum number of police officers would also maximize the with them ? WhyHiring of eight additional police officers would be a dearly-won wrongdoing seeing that the shed light on social benefit decreases with change magnitude add up of police officers . Ithaca seeks to maximize its net social benefits which take into written name the costs of hiring additional police officers In other actors line , we are interested in the benefits of...If you want to get a full essay, order it on our website: Orderessay

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