Raising Total Utility Is the Prime Objective of Which Political

question 40

Multiple Choice

Raising total utility is the prime objective of which political philosophy?

• A)utilitarianism
• B)liberalism
• C)libertarianism
• D)None of the above is correct.

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Definitions:

Consumers

Individuals or entities that use goods and services produced within an economy, playing a central role in market demand.

Price

Price is the amount of money expected, required, or given in payment for something.

Price Elasticity

Price elasticity quantifies how sensitive the demand or supply of a product is to variations in its price.

Sausages

Cylinder-shaped meat products usually made from ground meat, fat, salt, and spices, often encased in a skin.