Examlex

Solved

The ""Get Tough"" Approach Whereby Some States Have Allowed for Punishment

question 46

Multiple Choice

The ""get tough"" approach whereby some states have allowed for punishment of violent delinquents through the use of mandatory secure confinement has been implemented by changes in:


Definitions:

Long Run

A period of time in which all factors of production and costs are variable, allowing for full adjustment to change.

Marginal Cost Curve

The marginal cost curve graphically represents how the cost of producing one additional unit of a good changes as production volume varies.

Marginal Product

The increased output achieved by adding one more unit of a certain input, with all other inputs held steady.

Marginal Cost

The cost of producing one additional unit of a good or service, used in decision-making on production levels.

Related Questions