The Most Recent Report from the National Institute of Justice's

question 21

Multiple Choice

The most recent report from the National Institute of Justice's Arrestee Drug Abuse Monitoring found that:

• A)among juvenile detainees,almost 60 percent of the males tested positive for marijuana
• B)among juvenile detainees,almost 60 percent of the females tested positive for marijuana
• C)among juvenile detainees,almost 30 percent of the males tested positive for crack
• D)among juvenile detainees,almost 30 percent of the females tested positive for crack

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Definitions:

Total Variable Cost

The total of all costs that vary with output level, including materials, labor, and other expenses that increase as production increases.

Implicit Costs

The opportunity costs of using resources owned by the firm for its own use, rather than earning income from these resources elsewhere.

Explicit Costs

Direct, out-of-pocket payments for inputs or resources employed in the production of goods or services.

Total Cost

The aggregate amount of expenses incurred by a business in producing goods or services, including both fixed and variable costs.