A consumer must divide $250 between teh consumption of product X and product Y. The relevant market prices are Px= $5 and Py= $10.
a. Write the equation for the consumers budget line.
b. Illustrate the consumers oppurtuinity set in a carefully labeled diagram.
c. Show how the consumers opportuinity set changes when the price of good X increases to $10. How does this change alter the market rateof subsitution between X and Y?
Total income is given to be $250.
There are two goods, X and Y. Price of X is Px = $5, and price of Y is Py = $10.
Let Qx and Qy be quantities of X and Y respectively.
a. The general equation for a budget line is:
Px * Qx + Py * Qy <= Income
Putting in the numbers from above we get
5Qx + 10Qy <= 250
b. To determine the consumer's opportunity set we just need to plot this one a graph with good X on one axis and good Y on the other. In the accompanying graph the blue line is the case when the prices are given to be $5 and $10 for X and Y respectively.
To determine where they intersect the axes we need to solve the budget ...
The slope of this graph is assessed.
Details: Some researchers have claimed that genetics cause criminal behaviour, and that there is likely a gene that can be linked to criminals. This scientific theory is one of a vast amount of criminological theories that try to explain criminal behaviour, causes of crime, prevention of crime, and the source of criminal activity. With the advancements of technology and science as a tool to uncover criminal behaviour and criminals, the idea of genes being a source of criminal behaviour is not far-fetched.
Discuss the merits of the idea that genetics are a source for criminal behaviour. Make sure to provide examples that can be found through research studies and have evidence linking genetics and crime, including twin studies, adoption studies, and testosterone studies.
What are some of the strengths and weaknesses of the evidence surrounding genetics and crime? Do you feel that police departments should consider or dismiss such findings?
In your opinion, what are some of the dangers of suggesting that there is a criminal gene? What would be the repercussions in the field of criminal justice if the existence of the criminal gene is proven to be true?