Refer to the Information Provided in Scenario 4 Below to Answer

question 68

Essay

Refer to the information provided in Scenario 4 below to answer the questions that follow.
SCENARIO 4: Suppose that a state needs to build both prisons and schools with a budget limited to 10 million dollars. Schools cost $1 million each to build and prisons cost $2 million each to build.
-Refer to Scenario 4. What is the opportunity cost of building one more prison?

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Definitions:

Performance

The act of executing a task or function, or the process of performing; often measured against preset known standards of accuracy, completeness, speed, and efficiency.

Race

A social construct used to categorize humans into large and distinct populations or groups by heritable physical characteristics, geographical ancestry, culture, history, and language.

Gender

Pertains to the social, cultural, and personal traits and roles associated with being male or female, going beyond the biological differences.

Age Bias

Prejudice or discrimination against individuals based solely on their age, typically against older or younger people in the workplace or society.