A Characteristic of a Well Run Prison Includes Anything That

question 55

Multiple Choice

A characteristic of a well run prison includes anything that enhances the comfort of the inmates, such as good food, clean cells, and recreational opportunities, which are referred to as:

• A) order.
• B) amenities.
• C) service.
• D) protection.
• E) opportunity.

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Definitions:

Marginal Cost

The cost of producing an additional unit of a good or service.

Average Total Cost

Represents the per-unit total cost of production, calculated by dividing the total cost by the total quantity produced.

Falling

The process or action of moving downwards, typically used in economics to describe a decrease in prices or values.

Short Run

In economics, the short run refers to a period during which at least one of a firm's inputs cannot be changed, limiting its capacity to adjust to demand changes.