If You Went to a Meeting of a Group Lobbying

question 36

Multiple Choice

If you went to a meeting of a group lobbying for better care for the mentally ill and made up primarily of family members of people with severe mental disorders, you would probably be attending:

• A) the National Alliance on Mental Illness.
• B) the Association for Citizens with Mental Illness.
• C) the Society for Social Workers and Case Managers.
• D) the Halfway House Paraprofessional Affiliates.

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Definitions:

Constant Costs

Costs that do not change with the level of output or activity within a certain range.

Short-run Supply Curve

A graphical representation showing the relation between the price of a product and the quantity of the product that a firm is willing and able to sell, given fixed resources.

MC Curve

A graph that shows the relationship between the marginal cost and the quantity of output produced, typically upward sloping.

Shut-down Price

The price level at which a firm ceases its operations because the revenue received does not cover the variable costs, making it financially unsustainable to continue.