According to La Vigne and Samuels (2012), the Average Annual

question 35

Multiple Choice

According to La Vigne and Samuels (2012) , the average annual cost for supervising a person on probation is:

• A)more than $3,433.
• B)$1,400.
• C)less than $2,300.
• D)$1,000.

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Definitions:

Efficiency Wage

A theory suggesting that higher wages may increase worker productivity and efficiency by attracting better applicants, reducing turnover, and increasing worker morale.

Contract Curve

Curve showing all efficient allocations of goods between two consumers, or of two inputs between two production functions.

Utility Possibilities Frontier

Curve showing all efficient allocations of resources measured in terms of the utility levels of two individuals.

Production Possibilities Frontier

Curve showing the combinations of two goods that can be produced with fixed quantities of inputs.