Party Members Who Follow a Particular Candidate, and Who See

question 111

Multiple Choice

Party members who follow a particular candidate, and who see the party as the means to place their candidate in power, are termed

• A)party regulars.
• B)candidate activists.
• C)issue activists.
• D)lobbyists.
• E)chairmen.

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Definitions:

Opportunity Costs

The value of the best alternative forgone when a decision is made to pursue a certain action.

MR

Marginal Revenue, the increase in revenue that results from selling one additional unit of a product.

Average Total Costs

The total cost of production divided by the quantity produced, representing the per-unit cost of production.

Average Variable Costs

The sum of all variable production expenses divided by the amount of output generated.