Use the Information Below to Answer the Following Questions

question 37

Multiple Choice

Use the information below to answer the following questions.
Fact 12.4.1
Franklin is a fiddlehead farmer. He sold 10 bags of fiddleheads last month, with total fixed cost of $100 and total variable cost of $50.
-Refer to Fact 12.4.1. Suppose the price of fiddleheads is expected to stay at $10 per bag for the foreseeable future, and Franklin's production and cost figures are expected to stay the same. His total fixed cost consists entirely of rent on land, and his five-year lease on the land runs out at the end of the month. Should Franklin renew the lease?

• A)Yes, because total revenue will still cover total fixed cost.
• B)Yes, because total revenue will still cover total variable cost and a portion of total fixed cost.
• C)No, because total revenue must cover all costs for factors of production to remain in fiddlehead farming in the long run.
• D)No, because in the long run, zero economic profit is a signal to move factors of production out of fiddlehead farming.
• E)Insufficient information to answer.

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Definitions:

Males

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Deinstitutionalization

The process of reducing the population of mental health hospitals and transferring care to community-based settings.

Quality Of Life

A recognized desirable goal in the field of developmental disabilities, about which there is a great deal of disagreement. What constitutes quality of life and how can it be measured? A number of different approaches have been taken. For example, the Quality of Life Interview Schedule (QUOLIS), designed specifically to address the needs of adults with severe and profound disabilities, involves interviews with two informants who know an individual well in different contexts, and quality of life is measured under 12 domains, such as health services and housing and safety. A second approach is reflected in the Quality of Life Project, a conceptual framework that includes three major components of quality of life, each divided into subcomponents.

Mainstreaming

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