It Follows from Krohn's Network Analysis That Lower Rates of Delinquency

question 35

Multiple Choice

It follows from Krohn's network analysis that lower rates of delinquency would be found among:

• A) children reared in families that encourage them to be independent and self reliant
• B) children who attend schools that require them to wear uniforms
• C) residents of small communities where everyone knows each other
• D) children who attend schools that place great emphasis on discipline as well as learning
• E) residents of communities with high ratios of churches per capita

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Definitions:

Elastic Demand

A type of demand that responds significantly to changes in price, where a slight price change leads to a substantial change in the quantity demanded.

Marginal Cost

The cost increase associated with the creation of one additional unit of a good or service.

Profit Maximizing

The process by which a firm determines the price and output level that returns the greatest profit.

Marginal Revenue Curve

A graphical representation that shows the change in total revenue for every unit increase in the quantity of output sold.