What is the net social benefit resulting

Assignment Help Business Economics

Reference no: EM131097912

Because of a recent wave of jewelry store robberies, a city increases police surveillance of jewelry stores. The increase surveillance costs the city an extra $500k per year, but as a result, the amount of jewelry that is stolen falls. Specifically, without the increase in surveillance, jewelry with a retail value of $1 million would have been stolen. This stolen jewelry would have been fenced by the jewelry thieves for $600,000. What is the net social benefit resulting from the police surveillance program?

Reference no: EM131097912

Questions Cloud

Develop appealing presentation for a professional audience : Determine the main challenges that the Rocky Road School District is currently facing. Develop a three (3) year plan to address these challenges. Examine the actions you will take to address each of these challenges.

Is there a way of doing this for less money : (a) If Big Red has a transportation budget of $8,240 and is willing to spend all of it, how many books should Big Red ship from each warehouse to each store in order to fill all the orders? (b) Is there a way of doing this for less money?

Firm debt-equity ratio : Zombie Corp. has a profit margin of 4.8 percent, total asset turnover of 2.0, and ROE of 19.34 percent. What is this firm's debt-equity ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)

Total output-productivity and standard of living in economy : State two ways the labor supply curve shifts to the right. Explain how each way impacts the equilibrium wage, equilibrium full employment, total output, productivity, and standard of living in the economy?

What is the net social benefit resulting : Because of a recent wave of jewelry store robberies, a city increases police surveillance of jewelry stores. The increase surveillance costs the city an extra $500k per year, but as a result, the amount of jewelry that is stolen falls. Specifically, ..

Describe your current organizations organizational structure : Describe your current or past organization's organizational structure. Frame your response in a holistic way where you not only discuss the structure, but also address how this structure impacts projects.

What is the company net income : Shelton, Inc., has sales of $14 million, total assets of $12 million, and total debt of $6.7 million. Assume the profit margin is 7 percent. What is the company's net income?

Determine the amount of consumer surplus generated : Determine the amount of consumer surplus generated in each of the following situations. a. Leon goes to the clothing store to buy a new T-shirt, for which he is willing to pay up to $10. He picks out one he likes with a price tag of exactly $10.

Flexible budget and operating-income variances : RTI Company’s master budget calls for production and sale of 18,000 units for $81,000; variable costs of $30,600; and fixed costs of $20,000. During the most recent period, the company incurred $32,000 of variable costs to produce and sell 20,000 uni..

User Account

All Pages