Joan Has Assumed the Responsibility of Caring for Her Elderly

question 96

Multiple Choice

Joan has assumed the responsibility of caring for her elderly mother and she receives no monetary compensation for the time and work involved. This situation reflects what the text refers to as

• A) informal caregiving.
• B) managed care.
• C) the team approach.
• D) task-specific caring.

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Definitions:

Marginal Product

Describes the additional output that is produced by using one more unit of a factor of production, holding all other factors constant.

Marginal Cost

The supplementary cost that arises when one additional unit of a product or service is produced.

Marginal

Term used to describe the effects of a change in the current situation. For example, a producer’s marginal cost is the cost of producing an additional unit of a product, given the producer’s current facility and production rate.