If an Activity Is Worth Pursuing at All,then It Should

question 8

Multiple Choice

If an activity is worth pursuing at all,then it should be pursued up to the point where

• A) the total benefit received is as large as possible.
• B) the marginal benefit and the marginal cost both equal zero.
• C) the average net benefit is at a maximum.
• D) the net benefit received from the last unit of the activity is zero.

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Definitions:

Relativism

A philosophical position that claims that truth and morality are subjective and vary depending on culture or individual perspective.

Teleological Philosophies

Ethical theories that assess the morality of actions based on their outcomes or purposes rather than on the actions themselves.

Egoism

A theory that suggests individuals should act in their own self-interest and that this action ultimately benefits society as a whole.

Utilitarianism

A moral theory that suggests the best action is the one that maximizes utility, typically defined as maximizing happiness and reducing suffering.