(Last Word) Theft and burglary
A) can be viewed as attempts to maximize utility, given certain marginal costs and marginal benefits.
B) are examples of irrational behavior.
C) are applications of the law of increasing opportunity cost.
D) are less economically rational than crimes of passion and violence.

Question

Quizplus · Accepted Answer

Theft and burglary can be viewed as attempts to maximize utility, given certain marginal costs and marginal benefits. Individuals who engage in these crimes may weigh the potential gains (in terms of valuable possessions or money obtained) against the potential costs (getting caught and facing legal consequences) and decide that the benefits outweigh the risks. This decision-making process is based on economic rationality, even if the behavior itself is illegal and unethical.

(Last Word) Theft and Burglary