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The United States Experienced a Dramatic Increase in Crime at the Beginning

question 3

Multiple Choice

The United States experienced a dramatic increase in crime at the beginning of the 1960s. For almost two decades, the number of crimes known to the police increased much faster than the growth in population. The crime rate plateaued in the beginning of the 1980s and has decreased considerably since the early 1990s. Despite these decreases, the public continues to perceive that crime is on the increase. These fears are reinforced by extensive media coverage, particularly of violent crime.

-Of the following, which is one of the official measures of crime in the United States?

Definitions:

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource or factor of production.

Wage Rate

The fixed amount of compensation paid to an employee for performed labor, typically expressed per hour or unit of work.

Marginal Revenue Product

The additional revenue generated by employing one more unit of a resource or factor of production.

Marginal Cost

is the change in total production cost that arises when the quantity produced is incremented by one unit, reflecting the cost of producing one additional unit of a good or service.