(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.

Utility Maximization

A theory in economics suggesting that individuals or households seek to allocate their resources in a manner that maximizes their overall satisfaction or utility.

Marginal Costs

The cost added by producing one additional unit of a product, reflecting the variable costs involved in production.

Economic Rationality

The assumption that individuals make decisions based on maximizing utility or profit within constraints, following a logical and efficient approach.