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Using Figure 13–8 as a starting point, suppose the marginal victim cost increases to $1,900, while the marginal prevention cost curve is unchanged. a. Illustrate the change with a graph similar to Figure 13–8. b. The socially efficient crime rate decreases to _____ crimes because . . .

Chapter 13, Problem 7

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QUESTION:

Using Figure 13–8 as a starting point, suppose the marginal victim cost increases to $1,900, while the marginal prevention cost curve is unchanged. a. Illustrate the change with a graph similar to Figure 13–8. b. The socially efficient crime rate decreases to _____ crimes because . . .

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QUESTION:

Using Figure 13–8 as a starting point, suppose the marginal victim cost increases to $1,900, while the marginal prevention cost curve is unchanged. a. Illustrate the change with a graph similar to Figure 13–8. b. The socially efficient crime rate decreases to _____ crimes because . . .

ANSWER:

Step 1 of 2

The marginal victim cost increases to \($1,900\).

a.

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