# Laverne FINANCE, B 1493 – Suppose that the average value

Suppose that the average value that a person in a certain city places on having1000 extra police officers out on the streets for a year is \$10. Some peoplehave a high value and some a lower value.The population is 7 million.The city government decides to ask people how much they value an extra 1000police to see if it is worth spending the \$50 million a year needed.Two questionnaires are proposed.1) assess the value to them of the extra policeand government explains that people will pay whatever amount they answer—the total of answers is at least \$75 million2) reveal how much they value the extra police,but it says that everyone will pay the same amount if the police are hired,provided that the sum of the personal valuations exceeds \$75 million.(a) What would be the results of the different surveys?(b) Which is better?(c) Does either survey give people the incentive to tell the truth?(d) Can you devise a survey that does make people reveal the truth?

Calculate the price
Pages (550 words)
\$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Essay Fountain
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Social Work and Human Services
Thank you for presenting the paper n-time. The team is getting much better. I have used you guys for a at least 4 semesters and will continue throughout my college career.
Customer 452919, February 21st, 2024
Nutrition, Hospitality & Human Services
Customer 452919, April 9th, 2024
Nutrition, Hospitality & Human Services
Thank you for the revision.
Customer 452919, April 16th, 2024
Nursing
n/a
Customer 452725, April 23rd, 2021
Psychology
Thank you so much!! Very much appreciated!
Customer 452717, April 20th, 2021
Sociology
Thank you
Customer 452919, March 23rd, 2022
Psychology
Communication on the small delay was appreciated and final result was worth the wait. Thank you.
Customer 452665, March 18th, 2021
Excellent service as always, Thank you!
Customer 452995, January 20th, 2022
Sociology
Thank you!
Customer 452919, April 5th, 2022
Communications
Thank you.
Customer 452723, April 22nd, 2021
Sociology
The writer covered all points as expected by the professor. Thank you for your commitment to serve students.
Customer 452919, February 21st, 2024
Psychology