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In light of the economic struggles that many states are facing today, every area of the criminal justice system is coming under scrutiny, especially as it relates to the expenditures of taxpayer monies. One of the most hotly contested areas is that of the privatization of prisons. Respond to the following questions, and support your position using credible research:
Primary Task Response: write 400 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas:
What are some of the advantages and disadvantages of prison privatization? Explain in your own words.
What impact does the privatization of prisons have on providing rehabilitative services that would help prisoners rejoin society productively and curb recidivism? Explain.
What impact does contracting with a private firm have on governmental liability for the violation of inmates' constitutional rights? Explain.Some would argue that for-profit private prisons have no place in a democratic society. Do you agree? Use external research to justify your response.
Suppose the demand for computers. For each of the following, state effect on demand, find the equation of the demand curve if consumer incomes are $30,000,
A single monopolistic firm provides pick-up of recyclable goods (bottles, cans, paper, etc.) in the city
Johnson Inc. is notified that local property taxes have raised. Johnson's economist states this will increase our cost of production and shift up our average total cost curve, average variable cost curve.
Construct a table showing the average variable, average total, and marginal costs of paper cup production. Show your work or embed an Excel spreadsheet into your file showing the formulas you used.
Does Will's frequent buyer program have the same effect on the consumption of its bagels that would occur if it simply lowered the price of one dozen bagels by 3%? Explain.
Assume you're the manager of Alpha Enterprises, a firm that holds the patent that makes it the exclusive manufacturer of bubble memory chips. Based on the estimates provided by the consultant
Describe why the profits of such firms tend to increase when there is the excess supply of the inputs they employ in their production process.
Why is income inequality regarded by many people as a form of market failure and describe how tax creditsare used in New Zealand to modify the distribution of income
Neolithic Revolution
Should the organization or industry continue, develop, or decrease current operations in order to maximize profits? Explain your answer.
The perfectly competitive company takes the equilibrium value set through the market and maximizes profit through manufacturing where price, which also equals marginal revenue, is equal to marginal cost.
How does price elasticity of demand affect how much of a tax is passed on to the consumer and how much is absorbed by the seller. Show the effect with graphs.
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