The Utilitarian Theory of Ethics Does Not Require

question 25

Multiple Choice

The utilitarian theory of ethics does not require

• A)a choice among alternatives to produce the maximum societal utility.
• B)a determination of whom an action will affect.
• C)an assessment of the effects of alternatives on those affected.
• D)the acquiring of the means of production by workers.

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Definitions:

Law of Diminishing

Refers to the Law of Diminishing Returns, which states that continuing to increase one input, while holding others constant, will eventually result in smaller and smaller additions to output.

Stolen Goods

Items that have been illegally taken from their rightful owner, typically sold in underground markets.

All-You-Can-Eat Buffet

A type of meal serving format where diners pay a fixed price to consume as much food as they desire from a variety of dishes.

Marginal Utility

The change in total satisfaction or utility that a consumer derives from consuming an additional unit of a good or service.