Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

A program for patrolling a U.S region for illicit activities using aircraft is b

ID: 1255107 • Letter: A

Question

A program for patrolling a U.S region for illicit activities using aircraft is being assessed. An associated estimate of the total economic benefits of the interdiction vs. the number of patrol aircraft is shown below. Apply the first fundamental proposition of marginal reasoning to determine the optimal number of patrol aircraft.

# Patrol Aircraft             Benefit ($M)
         1               -->             1995
         2                -->            3458
         3               -->             4522
         4               -->             5320
         5               -->            5852
         6               -->             6155
         7               -->             6358
         8                -->            6517
         9                -->            6610
        10               -->            6677


The patrol aircraft will be a new design of average difficulty. Each aircraft is estimated to weigh about 70,000 pounds each.

Explanation / Answer

You need more information to solve this. 1. Calculate the marginal benefit for each additional unit. 2. Find the cost for each unit
Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
Chat Now And Get Quote