Currently internet scammers steal an estimated $81million per year from the Australian public. While the majority of the scammed funds leave Australia, around 30% of the stolen funds remain in the country. The Australian government has decided to add a specialised task force to the current government program to tackle internet scammers. This will increase the cost of the program from $1.5million per year to $2.5million per year. The additional resources are expected to reduce the amount of scams on the Australian public by an estimated $1 million per year. What is the net social benefit resulting from the added specialised task force? = $ million. Provide a detailed explanation of the considerations in your decision. What are the implications of this policy from an ethical and social perspective. Provide a detailed answer in your spreadsheet =

Currently internet scammers steal an estimated $81million per year from the Australian public. While the majority of the scammed funds leave Australia, around 30% of the stolen funds remain in the country. The Australian government has decided to add a specialised task force to the current government program to tackle internet scammers. This will increase the cost of the program from $1.5million per year to $2.5million per year. The additional resources are expected to reduce the amount of scams on the Australian public by an estimated $1 million per year. What is the net social benefit resulting from the added specialised task force? = $ million. Provide a detailed explanation of the considerations in your decision. What are the implications of this policy from an ethical and social perspective. Provide a detailed answer in your spreadsheet =

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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