The realization that only a small portion of criminals commit the majority of crimes suggests that, as you devote more resources to the criminal justice system, the Multiple Choice A. total cost always decreases. B. total benefit quickly decreases. C.marginal benefit quickly increases. D. marginal cost sharply increases
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The realization that only a small portion of criminals commit the majority of crimes suggests that, as you devote more resources to the criminal justice system, the
Multiple Choice
A. total cost always decreases.
B. total benefit quickly decreases.
C.marginal benefit quickly increases.
D. marginal cost sharply increases
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- Could you please write your own words, not copy-paste or plagiarism issues Question: Discuss the concept of fairness in economic decision making and how an understanding of this can help businessesBeverly spends $100 on a teeth whitening kit. After one application, her gums are inflamed and it feels like her mouth is on fire. Beverly is trying to decide whether to apply the treatment again, or throw the kit away. The opportunity cost of a second application is: Question 47 options: a $100.00 b the pain and suffering involved with the second application. c $100 + the pain and suffering involved with the second application. d $100 + the pain and suffering involved with the first and second application.Timothy quits his job, which pays $60 000 a year, to enrol in a 2-year graduate program. His annual school expenses are $60 000 for tuition, $8000 for books, and $1400 for food. a) What is his opportunity cost of attending the graduate program? b) What core principles are considered in timothy's decision making? scarcity,choice and opportunity cost , cost-benefit analysis, incentive principle or diminishing returns
- Timothy quits his job, which pays $77000 a year, to enroll in a 3-year graduate program. His annual school expenses are $62700 for tuition, $9400 for books, and $1800 for food. What is his opportunity cost of attending the graduate program? What core principles are considered in Timothy's decision making?i) Scarcityii) Cost-Benefit analysisiii)Incentive Principle iv)Diminishing RetuurnsTimothy quits his job which pays $65900 a year, to enrol in a 2 year graduate program. his annual expenses are $62600 for the tuition , $8400 for books, and $3500 for food. What is the opportunity cost for attending the graduate programe? What core principles are considered in Timothy's decision making? (i) Scarcity, Choice and Opportunity Cost (ii) Cost benefit analysis (iii) Incentive principle (iv) Diminishing returnsGive the Examples of benefit-cost analyses?
- A. How much is the net profit using the first method? B. Which Method is better?Which of the following are systematic errors? a. A colorblind person who repeatedly runs red lights. b. An accountant whose occasional math errors are sometimes on the high side and sometimes on the low side. c. The tendency many people have to see faces in clouds. d. Miranda paying good money for a nice-looking apple that turns out to be rotten inside. e. Elvis always wanting to save more but then spending his whole paycheck, month after month.Applying Immanuel Kant’s moral philosophy, what is ONE argument that you can comeup with FOR or AGAINST Distance Learning Education (DLE)? Explain your answer in NOTMORE THAN 300 WORDS.
- 4.Explain why opportunity cost is the best forgone alternative and provide examples ofsomeopportunity costs that you have faced today.Q.4. Subject :- EconomicStudying has both costs and benefits. If you continue tostudy (e.g., for a test) for as long as the marginal benefitsof studying are greater than the marginal costs, and youstop studying when the two are equal, will your actionbe consistent with having maximized the net benefits ofstudying? Explain your answer.