Newspaper Article or News Program Discussion Post Essay

Newspaper Article or News Program Discussion Post - Essay Example The article argues that discretion is a function of many variables that differ from case to case. Therefore, how to apply discretion for the best results in all or most cases cannot be reduced to a simple formula that can be used to guide prosecutors (Davis 30). Without such as guide, prosecutors are given too much freedom and power and this leads to abuse and injustice. The issue of prosecutorial discretion came under spotlight recently when Attorney General told prosecutors that they are under no obligation to defend unjust laws (Gershman). This raises the question of whether they can nullify laws. If prosecutors are under no obligation to defend unjust laws, they are effectively nullifying those laws. This is a further evidence of the wide powers of prosecutors given to them under the doctrine of prosecutorial discretion. A prosecutor with a political agenda can apply the law selectively and that is manifest injustice (Davis 26). The issue of prosecutorial discretion is important because it inevitably comes up in discussion about injustice in criminal justice system especially now when the number of cases of wrongful conviction are increasing. It appears there is need to relook into discretionary powers or strengthen accountability. Gershman, Bennett. "Refusing to Defend Unjust Laws: Prosecutorial Discretion or Prosecutorial Nullification?." The Huffington Post. TheHuffingtonPost.com, 27 Feb. 2014. Web. 28 Feb. 2014.

Profit maximisation Essay Example | Topics and Well Written Essays - 500 words

Profit maximisation - Essay Example A monopolist maximises his profit at the level of output where the marginal cost equals the marginal revenue. That is MR=MC. In order to determine the profit maximising level of production, the monopolist supplements its information about the prices and market demand for data on the costs of production at different levels of output. A monopolist cannot maximise profit by charging the highest price possible (market price yielding maximum benefits). Rather, it will maximise profit at the level where the Total Revenue minus the Total Cost is the highest. The difference between TR and TC is a function of price and the quantity sold. Profit maximisation in a pure monopoly structure is presented in the figure below. The monopoly cannot maximise its profits at the points where the MC is equal to the demand or where the average total cost equals the marginal cost. At these levels of output, the revenue generated would only be sufficient to cater for the cost of production. Rather, profit is maximised at the level of output where MR=MC. An oligopolistic market structure is characterised by few but large firms in the market. In making their economic decisions, firms in this market structure consider the behaviour of other firms in the market. The reason for such consideration is because any slight changes in the prices, output or expansion may have significant effects on the profitability of the firms in the market. In an oligopolistic market, profits will be maximised at the point where the price p intersects with the marginal revenue and the marginal cost curves (Baumol and Blinder, 2012). At this point, the MC=MR and MC cut the MR in its vertical portion. Profit maximisation thus occurs at price p. When the MC shifts in the vertical part of the MR, price P does not change. The movement of MC under the oligopolistic market makes insignificant price effects and hence consumers do