Dynamic Risk Factors Include ________

question 49

Multiple Choice

Dynamic risk factors include ________.

• A) age
• B) responsivity
• C) prior criminal history
• D) ethnicity
• E) gang involvement

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Definitions:

Input Prices

The costs associated with the inputs used in the production process, such as labor, raw materials, and capital.

Economies of Scale

Economies of scale refer to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Marginal Product

The extra output or benefit received from using one additional unit of a resource.

Opportunity Cost

The cost of an alternative that must be forgone in order to pursue a certain action, the benefits you could have received by taking an alternative action.