The Most Prison-Prone Group of Individuals in Society Are Those

question 2

Multiple Choice

The most prison-prone group of individuals in society are those that are

• A) male, between the ages of fifteen and thirty.
• B) male, between the ages of twenty and twenty-nine.
• C) male and are high school dropouts.
• D) female, between the ages of twenty and thirty-four.
• E) female and are high school dropouts.

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Definitions:

Excess Capacity

A scenario where a firm’s production capability exceeds the demand for its product, often leading to inefficiency and increased costs.

Product Variation

The process of making slight adjustments to a product's features, design, or offerings to differentiate it from competitors’ products.

Average Total Cost

The total cost of production divided by the number of units produced, representing the average cost per unit.

Economic Profit

A quantification of the surplus generated after subtracting both the explicit and implicit costs from total revenue, indicating the true profitability of a business.