figures of this type need to be examined in detail. For example‚ these figures do not show whether the British Government has possibly over spent’ on crime. Looking at figures of this type do not show the relevance of economic techniques‚ i.e. marginal deterrence‚ which was first introduced by Stigler in 1970. This paper has taken a comprehensive‚ but limited view on the relevance of economics and crime. Economics can have controversial ideas‚ and this can be expressed in terms of crime. Economic
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Task 309.1.1.06 A. Two methods of profit maximization that companies utilize are the total revenue to total cost approach and the marginal revenue to marginal cost approach. To attain their goal of achieving the highest level of profit‚ Company A uses these methods to determine the appropriate output level to achieve their goal. Both methods arrive at the same level. In the first approach‚ Company A first determines its total revenue by multiplying the number of widgets sold by the price
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recovering. Currently‚ the unemployment rate in the United States is 4.9%(“Unemployment Rate” ). The Federal Reserve predicts that by the end of 2017‚ the unemployment rate to decrease to 4.8 % (“Economic Outlook” ). Inflation is also decreasing and it is expected to continue to until 2017 ( “Economic Outlook”). As inflation decreases‚ the price level will fall and the purchasing power of consumers will increase. The outlook of the economy is not completely optimistic though. By 2025‚ the debt of the United
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many would argue that social media is a positive outlet that allows individuals to express themselves to their peers‚ some would dispute that instead social media decreases literacy and education‚ brings about negative self-esteem and body image‚ and also encourages narcissistic behavior which can lead to harassment and bullying. I. Decreases literacy and education A. The use of cyber-slang is not only being used online when talking with friends and peers but also in classrooms‚ on resumes‚ and in boardroom
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Behind a marginalized group that is finally able to speak up for themselves lies a motivational leader that gives them the opportunity to have a voice. Without a leader‚ it is difficult for a group to function. As a result‚ these leaders hold a lot of power with the words they say because they become influential to the group they are giving a voice to. Many leaders do so in their own way‚ whether it is through art‚ music‚ activism‚ or even literature. This is a consistent pattern seen in history
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Many factors have influenced the rising crime rate‚ some being‚ increasing use of drugs‚ increasing population‚ and decreasing morals. America must find ways to decrease the crime rate legally. One question often going hand in hand with decreasing crime rate is would legalized gambling decrease the crime rate? During the late 1980’s and early 1990’s slow economic growth‚ cuts in federal funding‚ and growing public needs forced state and local governments to seek additional sources of revenue
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If the number of stories a cat falls increases‚ then the number of injuries per cat will also decrease because the higher the height of the fall‚ the more time a cat has to position itself for a safe landing by distributing its body mass among a wider area to ensure a decreased impact force‚ and for the cat to reach its terminal velocity for stability. The table on the front page of the packet shows that one through seven stories fallen shows an increase of total injuries at an average rate of change
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the following short-run cost curve: TC = 800‚000 - 5‚000Q + 100Q^2 a) Compute the marginal cost curve for Ajax answer: Marginal Cost (MC) = dTC/dQ Since the derivative of a constant = 0‚ MC = -5‚000 + 200Q b) Given Ajax pricing strategy‚ what is the marginal revenue function for Ajax? Since Ajax is pricing as if it were a perfectly competitive firm‚ then‚ it’s price would equal its marginal revenue‚ thus: P = MR = $20‚000 c) Compute the profit maximizing level of output
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Covenant Marriage Would Decrease the Rate of Divorce Most people have the need to have a stable and secure life. Consequently‚ banks and financial advisors assist society in securing finances‚ police safeguards our lives and well-being; but what can protect our emotional state of life? What can save a marriage from divorce? The one of the possible effective ways to protect marriages from braking apart is covenant marriage. Covenant marriage is an option for couples to receive premarital counseling
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Explain this change in terms of income and substitution effects. When the price of raisins falls‚ households have more purchasing power than before. If raisins are a normal good‚ this means that they will consume more of them. This is the income effect. Also‚ a decrease in the price of raisins makes raisins relatively less expensive. Thus‚ households will shift toward purchasing raisins from purchasing relatively more expensive goods. This is the substitution effect. Both effects
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