According to John Stuart Mill's Principle of Harm, the Only

question 19

Multiple Choice

According to John Stuart Mill's Principle of Harm, the only ground on which the government should intervene in the conduct of an individual is when

• A) the individual is breaking the law.
• B) it would clearly be to the benefit of the individual.
• C) the individual is under 18 or over 65.
• D) it would prevent harm to others.
• E) According to Mill, the government should intervene if any of the above conditions are true.

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Definitions:

Marginal Damage Cost

The additional cost associated with producing one more unit of a good or service, considering the negative externalities.

Efficient Amount

This refers to the quantity of a good or service that maximizes social welfare, where the marginal benefit to consumers equals the marginal cost of production.

Marginal Benefit

The incremental benefit or pleasure derived from consuming one more unit of a good or service.

Efficient Level

The level of output where a firm or economy is maximizing its productivity and minimizing waste within its resources.