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A citizen group sends letters to the governor of a southern state and asks her to reconsider stopping the execution of a man on death row convicted of murdering a police officer. The governor declines, stating that the purpose of the criminal justice system is to remove this convicted murderer from society so that everyone else can be protected. What type of justification for punishment is used by the governor?
Utility Function
A mathematical representation expressing an individual's preference ordering over a set of goods and services, showing the level of satisfaction or utility derived from various bundles of goods.
Indifference Curves
A graph representing combinations of goods among which a consumer is indifferent, used in microeconomics to analyze consumer preferences and decision-making.
Budget Line
A visual representation showing every possible mix of two products that a consumer is able to purchase with their income, taking into account the cost of these items.
Utility Function
A mathematical representation used in economics to model preferences and satisfaction obtained from consuming goods and services.
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