Which of the following is the correct formula regarding the costs and benefits of committing a crime (e.g. point-shaving)? (a) B > P(c)/C (b) B > P(c)*C (c) P(c)/B > C (d) P(c)*B > C

Which of the following is the correct formula regarding the costs and benefits of committing a crime (e.g. point-shaving)? (a) B > P(c)/C (b) B > P(c)C (c) P(c)/B > C (d) P(c)B > C

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Which of the following is the correct formula regarding the costs and benefits of committing a crime (e.g. point-shaving)?

(a) B > P(c)/C

(b) B > P(c)*C

(d) P(c)*B > C

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