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I am having problems on #11, parts C and D. Doubling the ter

Paper help Economics I am having problems on #11, parts C and D. Doubling the ter

Economics

I am having problems on #11, parts C and D. Doubling the ter

I am having problems on #11, parts C and D. Doubling the term shifts the cost curve up because it… Show more I am having problems on #11, parts C and D. Doubling the term shifts the cost curve up because it increases the severity of the punishment (increasing the cost). Cutting the probability of getting caught (I am assuming this means decreasing the probability of going to prison) will shift the marginal cost down because it will decrease the certainty of punishment (decrease the cost). The net effect really seems to depend on how far the curve shifts either way. Did I do something wrong? Or am I supposed to know which way shifts more? I%u2019m just kind of confused. Can you give me any guidance? • Show less

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