To Say That You Can't Have Too Much of a Good

question 36

Multiple Choice

To say that you can't have too much of a good thing means that,for any good that you enjoy (for example,pizza) :

• A)higher consumption will always lead to higher utility.
• B)higher consumption will cause utility to decrease at an increasing rate.
• C)higher consumption will increase utility,but only up to a point;after that,utility will start to decrease.
• D)it is valid to measure utility in utils.

Identify and evaluate the policies regarding housing and treatment of transgender inmates in different jurisdictions.

Understand the role and consequences of whistle-blowing within the correctional system.

Grasp the ethical dilemmas and discretionary power encountered by correctional officers and their potential consequences.

Recognize the impact of oversight or the lack thereof on the prison system and the importance of public monitoring.

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Definitions:

Opportunity Cost

Waiving prospective gains from various alternatives by settling on one option.

Foregone Alternative

The option or course of action that is given up when another is chosen; closely related to the concept of opportunity cost.

Opportunity Cost

The charge of rejecting the following prime opportunity in the process of decision-making.

Sunk Costs

Sunk costs are expenditures that have already been incurred and cannot be recovered, and should not affect future investment decisions or operations.