Which of the Following Led to the Adoption of the 1991

question 61

Multiple Choice

Which of the following led to the adoption of the 1991 Sentencing Guidelines for use by federal judges?

• A)a public perception that judges were not giving long enough sentences to white-collar criminals and were not imposing large enough fines
• B)a public perception that corporate executives were unfairly prejudicing the jury
• C)a public perception that judges were giving unfairly lengthy sentences to white-collar criminals and were imposing fines that were too large
• D)a public perception that judges were not considering all relevant facts in the conviction of a corporate executive

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Definitions:

Competitive Firm

A company that operates in a market where there are many buyers and sellers, and it has little control over the market price.

MC Curve

The graphical representation of how the cost to produce an additional unit of a good changes with the production volume.

Short-Run Supply Curve

A graphical representation showing the quantity of goods a firm is willing and able to supply at different prices over a short period, where at least one input is fixed.

Fixed Costs

Expenses that do not change with the volume of production or sales, such as rent, salaries, and insurance premiums.