Table: Security in a Residential Community Quantity of Security Guards Total Cost Total Individual Benefit to Each Resident 0 $0 $0 1 $150 $10 2 $30 $16 3 $450 $18 4 $600 $19 Reference: Ref 17-3 Table: Security in a Residential Community (Table: Security in a Residential Community) Use Table: Security in a Residential Community. Suppose that the residential community has 100 residents. The marginal cost of hiring the second security guard is _____, and the marginal social benefit is _____. Select one: a. $150; $600 b. $450; $1,800 c. $450; $600 d. $150; $200

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Chapter1: Making Economics Decisions
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Table: Security in a Residential Community

Quantity of
Security
Guards
Total
Cost
Total Individual
Benefit to
Each Resident
0 $0 $0
1 $150 $10
2 $30 $16
3 $450 $18
4 $600 $19
Reference: Ref 17-3 Table: Security in a Residential Community


(Table: Security in a Residential Community) Use Table: Security in a Residential Community. Suppose that the residential community has 100 residents. The marginal cost of hiring the second security guard is _____, and the marginal social benefit is _____.

Select one:
a. $150; $600
b. $450; $1,800
c. $450; $600
d. $150; $200
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