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a) The level of punishment and the amount of public resources spent on increasing the probability of detection of a crime are two classic crime- ?ghting instruments. Discuss the relative ef?ciency of these two instruments taking into consideration i) criminals' risk preferences and ii) the cost to society of the respective instrument.
b) Why do we need criminal law in addition to tort law? Discuss!
c) What is the economic explanation behind the fact that society does not devote enough resources to totally eliminate crime?
Consider the market for pizza. Indicate whether each of the following events is more likely to impact producer behavior (supply) or consumer behavior (demand). Will supply/demand increase or decrease?
Use a numerical example to illustrate and explain the concept of the marginal product of labour.
Evaluate any competitors' existing production in the chosen country.
According to OHS and WHS legislation what is the main responsibility of the employer and who are they responsible for?
Opportunity cost is the lowest valued benefit that must be sacrificed as the result of choosing an alternative. The law of demand states that there is a direct relationship between supply and demand. Excess demand in the market will cause the price o..
Select a country in which the government has implemented industrial policies. Have the industrial policies contributed significantly to the country’s economic growth? Have the policies lead to problems in the country’s economy? Need citation
If your income is $80,000, how much do you owe in taxes, and what percent of your income do you pay in taxes?
What is the difference between Relative income mobility and absolute income mobility?
Suppose the market demand curve is P=40-2Q and the constant marginal cost of production is MC = 20. Which of the following is a valid expression for the collusion curve?
Sports economics questions. (Please answer them now
Design a class named Player that holds a player number and name for a sports team participant. Include methods to set the values for each data
Assume Doughnuts R Us chooses to produce 150 doughnuts. What is the number of doughnut shops in the market.
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