Which of the Following Is a Source of Often Unanticipated

question 42

Multiple Choice

Which of the following is a source of often unanticipated costs faced by county governments?

• A) the expense of city police salaries
• B) the financial burden of capital murder trials
• C) the spiraling costs of public education
• D) the growing number of constables being employed at the county level

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Definitions:

Constant-cost Industry

An industry in which the costs of production, including inputs and labor, do not change as the overall industry output changes.

Resource Prices

The cost associated with acquiring the natural resources needed for production, such as minerals, timber, water, and land.

Output Increased

A situation where the production of goods or services in an economy rises.

Purely Competitive Market

A market structure characterized by a large number of small firms, a homogeneous product, free entry and exit, and perfect information, leading to firms being price takers.