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Consider a state with a fixed prison capacity of 1,000. When a law is passed establishing a minimum term of 10 years, (twice the current average term), the state cuts the number of prisoners in half, cutting the probability of imprison- ment for crime in half. Use a graph like Figure 13–3 to illustrate the effects of this law. a. Doubling the average prison term shifts the marginal [benefit, cost] curve [up, down] because. . . b. Cutting the probability of imprisonment shifts the marginal [benefit, cost] curve [up, down] because . . . c. The combination of doubling the term and cutting the probability shifts the marginal [benefit, cost] curve [up, down] because . . . d. The equilibrium number of crimes [increases, decreases, doesn’t change] because . . .
Chapter 13, Problem 4(choose chapter or problem)
Consider a state with a fixed prison capacity of 1,000. When a law is passed establishing a minimum term of 10 years, (twice the current average term), the state cuts the number of prisoners in half, cutting the probability of imprison- ment for crime in half. Use a graph like Figure 13–3 to illustrate the effects of this law.
a. Doubling the average prison term shifts the marginal [benefit, cost] curve [up, down] because. . .
b. Cutting the probability of imprisonment shifts the marginal [benefit, cost] curve [up, down] because . . .
c. The combination of doubling the term and cutting the probability shifts the marginal [benefit, cost] curve [up, down] because . . .
d. The equilibrium number of crimes [increases, decreases, doesn’t change] because . . .
Questions & Answers
QUESTION:
Consider a state with a fixed prison capacity of 1,000. When a law is passed establishing a minimum term of 10 years, (twice the current average term), the state cuts the number of prisoners in half, cutting the probability of imprison- ment for crime in half. Use a graph like Figure 13–3 to illustrate the effects of this law.
a. Doubling the average prison term shifts the marginal [benefit, cost] curve [up, down] because. . .
b. Cutting the probability of imprisonment shifts the marginal [benefit, cost] curve [up, down] because . . .
c. The combination of doubling the term and cutting the probability shifts the marginal [benefit, cost] curve [up, down] because . . .
d. The equilibrium number of crimes [increases, decreases, doesn’t change] because . . .
ANSWER:Step 1 of 2
Given data:
Consider a state with a fixed prison capacity of 1,000. When a law is passed establishing a minimum term of 10 years, (twice the current average term), the state cuts the number of prisoners in half, cutting the probability of imprison- ment for crime in half. Use a graph like Figure 13–3 to illustrate the effects of this law.
a. Doubling the average prison term shifts the marginal [benefit, cost] curve [up, down] because. . .
b. Cutting the probability of imprisonment shifts the marginal [benefit, cost] curve [up, down] because . . .
c. The combination of doubling the term and cutting the probability shifts the marginal [benefit, cost] curve [up, down] because . . .
d. The equilibrium number of crimes [increases, decreases, doesn’t change] because . . .