Which of the Following Is One of the Three Main

question 21

Multiple Choice

Which of the following is one of the three main points Beccaria made regarding how society should react to crimes:

• A)Punishment should not be proportional to the severity of the crime
• B)Punishment should be certain and should be just severe enough so that the cost of committing a crime exceeded the benefits derived from it
• C)Excessively severe penalties would act to deter people from committing major crimes
• D)None of the above

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Definitions:

AVC

AVC, or Average Variable Cost, is the total variable costs divided by the quantity of output produced.

MC

Marginal Cost, the increase in total cost that arises from producing one additional unit of a product or service.

Total Variable Cost

Total Variable Cost is the sum of all costs that vary with the level of output produced, such as materials and labor.

Total Fixed Cost

The total of all expenses that do not change with production volume or output in the short term, for example, lease payments or wages.