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Economics Chapter 4: Optimum Allocation of Criminal Justice Resources 5) If the parole chief knows that the benefit from preventing the next murder is $10,000

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Economics Chapter 4: Optimum Allocation of Criminal Justice Resources 5) If the parole chief knows that the benefit from preventing the next murder is $10,000 and the benefit from preventing the next bicycle theft is $200, but it costs $1000 to prevent the next murder and only $100 to prevent the next bicycle theft, should the chief reallocate resources to prevent more murders or more bicycle thefts? Explain. 6) New technology, such as computers, can enhance the productivity of police officers in the prevention of crime and court officials in the processing of criminals. What impact would the introduction of a productivity enhancing technology have on the optimum amount of crime committed in the city or town where you live? Why? 7) Privatization of corrections has been suggested as a means of improving the allocation of resources in corrections. What are some of the pros and cons in support of this

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