John Has Entered a Correctional Facility and He Has Been

question 4

Multiple Choice

John has entered a correctional facility and he has been assessed as likely to escape but not cause serious harm in the community.What security level facility would John enter?

• A)maximum security
• B)medium security
• C)minimum security
• D)multilevel security

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Definitions:

Marginal Revenue

The increase in revenue that results from the sale of one additional unit of product.

Profit-maximizing Output

The level of production at which a company achieves the highest possible profit.

Marginal Cost

The rise in overall expenses resulting from the production of an additional unit.

Marginal Revenue

The additional income from selling one more unit of a good; it is the change in total revenue from an additional unit sold.