Information About Mental Institutions Indicates That Up Until the 1980s

question 87

Multiple Choice

Information about mental institutions indicates that up until the 1980s, patients had

• A) civil rights.
• B) personal rights.
• C) legal rights.
• D) virtually no rights.

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Definitions:

Utility Maximization

The principle that individuals or firms seek to allocate their resources in a manner that maximizes their satisfaction or utility.

Money Income

Money income is the total amount of money earnings received by an individual or household, including wages, salaries, benefits, and investment income, before any deductions.

Marginal Utility

The additional satisfaction or utility a consumer receives from consuming one additional unit of a good or service.

Consumer Equilibrium

occurs when a consumer has allocated their resources in such a way that maximizes their utility, given their budget constraint.