A Fundamental Problem with Utilitarianism Is Its ________

question 57

Multiple Choice

A fundamental problem with utilitarianism is its ________.

• A) apathy toward maximizing aggregate utility
• B) incompatibility with altruism and philanthropy
• C) difficulty with making interpersonal comparisons of utility
• D) inability to judge moral good in terms of consequences

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Definitions:

Long Run

A period in economics during which all factors of production and costs are variable, allowing for full adjustment to change, such as new technology or market conditions.

Profit

The financial gain obtained when the revenues generated from business activities exceed the expenses, costs, and taxes involved in sustaining the activities.

Loss

An economic condition where expenses exceed revenues, indicating negative financial performance.

Profit-Maximizing

A strategy or process by which a firm determines the price and output level that returns the greatest profit.