Question: Help me please {} Use the Gary Becker criminal decision rule to answer questions 27-29. Assume an individual with annual income of $50,000 (Yo) is

 Help me please {} Use the Gary Becker criminal decision ruleto answer questions 27-29. Assume an individual with annual income of $50,000

Help me please

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(Yo) is considering committing a crime with a payoff of $10,000 (G).The individual has a 50% chance of getting caught (rt) and ifshe does, she will get ned $8,000 (F). For question 27, what

Use the Gary Becker criminal decision rule to answer questions 27-29. Assume an individual with annual income of $50,000 (Yo) is considering committing a crime with a payoff of $10,000 (G). The individual has a 50% chance of getting caught (rt) and if she does, she will get ned $8,000 (F). For question 27, what is the individual's current utility? 0 $40,000 0 $10,000 0 $50,000 0 $8,000 Use the Gary Becker criminal decision rule to answer questions 27-29. Assume an individual with annual income of $50,000 (Yo) is considering committing a crime with a payoff of $10,000 (G). The individual has a 50% chance of getting caught (rt) and if she does, she will get ned $8,000 (F). For question 28, what is the individual's expected utility from committing the crime? O $60,000 O $42,000 O $51,000 0 $ 10,000 Use the Gary Becker criminal decision rule to answer questions 27-29. Assume an individual with annual income of $50,000 (Yo) is considering committing a crime with a payoff of $10,000 ((3). The individual has a 50% chance of getting caught (rt) and if she does, she will get ned $8,000 (F). For question 29, should the individual commit the crime? Why? 0 Yes, because expected utility from committing the crime is less than current utility. O No, because expected utility from committing the crime is greater than current utility. O No, because expected utility from committing the crime is less than current utility. 0 Yes, because expected utility from committing the crime is greater than current utility

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