CompStat Is a Computer Comparison Statistics System That __________

question 59

Multiple Choice

CompStat is a computer comparison statistics system that __________.

• A) allows police to track crime incidents almost as soon as they occur
• B) replaced the FBI's NCIC in 2005
• C) is now being used by more than 85 percent of the nation's police departments
• D) all of the other choices

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Definitions:

Marginal Revenue

The extra revenue obtained by selling an additional unit of a product or service.

Marginal Cost

The cost increase from producing a further unit of a product or service.

Long-Run Equilibrium

Long-run equilibrium occurs in a market when all firms earn normal profits, and no new firms have an incentive to enter or exit, resulting in market stability over time.

Average Total Cost

The cost of producing each unit, calculated by dividing the overall production expenses by the quantity of units manufactured.