In 2013, the Suicide Rate for Federal Inmates Was 70

question 228

True/False

In 2013, the suicide rate for federal inmates was 70 per 100,000 inmates, compared to 10.2 suicides per 100,000 Canadians.

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Definitions:

Consumer Surplus

Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount that they actually do pay.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive, typically measured as the area above the supply curve and below the market price.

Marginal Benefit

The heightened satisfaction or usefulness derived from the consumption of an extra unit of a good or service.

Marginal Cost

The cost added by producing one extra item of a product. It's a critical concept in economics for determining the optimum production level.