Discretion Is Defined as

question 8

Multiple Choice

Discretion is defined as

• A)a decision based on sound public policy.
• B)a decision by a judge based upon all the facts submitted by the individual.
• C)a decision by criminal justice official based on the best course of action.
• D)reinforcement of law with a good decision.

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Definitions:

Marginal Cost

The investment needed to make an extra unit of a good or service.

Average Cost

A measure of the total cost of production divided by the number of units produced, used to calculate the cost per unit.

Industry Demand

The total demand for the products or services provided by a specific industry, represented as the sum of individual demands within a market.

Perfect Competition

A market structure characterized by many buyers and sellers, homogeneous products, and no barriers to entry or exit, leading to efficient pricing and output decisions.