The Founders of Utilitarianism Include

question 245

Multiple Choice

The founders of utilitarianism include

• A)A. C. Pigou and John Maynard Keynes.
• B)Jeremy Bentham and John Stuart Mill.
• C)Augustin Cournot and Jean B. Say.
• D)A. Kondratieff and Thomas Malthus.

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Definitions:

Variable Cost

A cost that varies with the level of output or production volume.

Volume of Activity

The level of production or sales volume at which a business operates during a specific period.

Identifying

The process of recognizing or establishing the identity of something or someone.

Cost of Goods Sold

Direct expenditures tied to the making of goods that a company markets, which include both labor and material costs.