Which Perspective Embraces the Notion That, Given the Proper Care

question 53

Multiple Choice

Which perspective embraces the notion that, given the proper care and treatment, criminals can be changed into productive, law-abiding citizens?

• A) equal justice
• B) crime control
• C) rehabilitation
• D) due process

Calculate the effect of changes in input and output prices on profit-maximizing input levels.

Analyze the impact of marginal productivities on input usage decisions.

Understand the principle of diminishing marginal returns in the context of agricultural production.

Apply mathematical optimization to practical agricultural economics problems.

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Definitions:

Consumer Surplus

The imbalance between the total budget consumers are willing to allocate for a product or service and the actual spending.

Consumer Surplus

The separation between the ideal amount consumers are willing to spend on a service or product and their real expenditures.

Producer Surplus

The discrepancy between what producers are ready to take for a product or service and the real amount they get.

Tax

A required contribution or another kind of monetary levy imposed by a government body on a taxpayer to underpin government expenditure and different public spending initiatives.