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Property values tend to go down in high-crime neighborhoods.This reflects which of these costs of crime?
Wage Rate
The amount of compensation paid to an employee per unit of time, often hourly or annually, reflecting the price of labor in a market.
Labor
The effort by humans to produce goods or services in exchange for wages or other forms of compensation.
Total-Product Schedule
A table showing the output or total product resulting from various quantities of inputs or resources, used in production theory.
Marginal Revenue Product
The increase in revenue resulting from the utilization of one extra unit of a factor of production.
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