In Order to Minimize the NET Costs Associated with Crime

question 75

Multiple Choice

In order to minimize the NET costs associated with crime,

• A) steps must be taken to eliminate all crime.
• B) crime should be reduced to the level at which the total benefit from crime equals the total cost of crime prevention.
• C) crime should be reduced to the level at which the marginal cost from crime equals the marginal cost of crime prevention.
• D) no crime should be eliminated.

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Definitions:

Age

A measure of time that an individual, object, or concept has existed, typically expressed in years.

Frequency Distribution

The representation, either in a graphical or tabular format, of how often each value in a set of data occurs.

Cumulative Frequency

The sum of the frequencies of all values that are less than or equal to a certain value, often used in statistical analysis to determine the number of observations below a specific value.

Relative Frequency

Relative frequency is the proportion or ratio of the number of times a value occurs in a dataset to the total number of observations.