Situation 33-1 Suppose that the equation that represents the expected benefits of burglary for a given prospective criminal is as follows:
EB = Ps x Loot
The criminal's cost equation is as follows:
EC = [Pp x (I + F) ] + AC
Where:
EB is the expected benefits of burglary
Ps is the probability of successfully burglarizing a house
Loot is the dollar take from the burglary
EC is the expected costs of burglary
Pp is the probability of imprisonment
I is the income the criminal gives up if caught and imprisoned
F is the dollar value the criminal puts on freedom
AC is the anguish cost of committing a burglary
Refer to Situation 33-1. If the prospective criminal sets the following values:
Ps = 50 percent
Loot = $30,000
Pp = 10 percent
I = $10,000
F = $25,000
AC = $5 ,000
The prospective criminal's expected benefit from committing the burglary is ______________ and his expected cost of committing the burglary is _______________. Economic theory tells us that under these circumstances, the prospective criminal ______________ commit the burglary.
A) $15,000; $8,500; will
B) $15,000; $8,500; will not
C) $15,000; $40,000; will not
D) $17,500; $12,000; will
Correct Answer:
Verified
Q1: The higher the cost of talking on
Q8: Which of the following statements is false?
A)
Q21: In general,a dry cleaner in a small
Q22: If people value clean air over dirty
Q23: "The theory's predictions are consistent with what
Q25: When a home is located in a
Q26: The larger a percentage of the population
Q27: House A has an ocean view and
Q28: Economists often evaluate a theory in terms
Q37: In the burglary crime model presented in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents