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A local police department is noticing that there is an increase in the number of serious felonies that arebeing committed. The department forms a task force to assess the extent of the problem. Officers from thedetective bureau, the vice squad, and the crime analysis division meet to discuss the problem and begininvestigating these crimes.
-The task force determines that the most common crimes being committed are robberies and burglaries inwhichthe typical amount stolen from each home is approximately $10,000. The officers realize that they aredealing with professionals. At which level on the criminal justice wedding cake do these crimes fall
Individual Consumer Surplus
The net gain to an individual buyer from the purchase of a good; equal to the difference between the buyer’s willingness to pay and the price paid.
Selling Haircuts
The commercial activity of providing hair cutting and styling services to customers for a fee.
Efficiency
The degree to which resources are allocated in a way that maximizes productivity and minimizes waste or inefficiency.
Equity
Fairness or justice in the way people are treated or in the distribution of resources, or ownership interest in a company or property.
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