Suppose that before 9/11, the situation was the one indicated by point A; that i

Question

Suppose that before 9/11, the situation was the one indicated by point A; that is, there were 55 million visitors per year, and the probability of intercepting any particular terrorist at customs and immigration was 10%. After the 9/11 attacks, a debate is held in Congress. Members of both parties agree that security measures need to be improved. However, there is some disagreement as to how mu Ch additional security is needed. Refer back to your previous answers. The opportunity cost of increasing the probability of catching a terrorist from 20% to 30% is ____ the opportunity cost of increasing that probability from 10% to 20%. Greater than Less than Equal to

Explanation / Answer

B less than

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