Which of the Following Ideas Was Central to Thomas Hobbes's

question 21

Multiple Choice

Which of the following ideas was central to Thomas Hobbes's philosophy of values?

• A) Good and evil simply denote that which a person desires or hates.
• B) Human happiness consists of pleasure and reason.
• C) Moral evil is a case of misdirected love.
• D) A natural law governs all morality, and human behavior must conform to it.

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Definitions:

Marginal Utility

The additional satisfaction or utility gained by consuming one more unit of a good or service.

Consumer Surplus

The consumer surplus is the gap between what consumers are ready and capable of paying for a good or service and what they actually spend on it.

Marginal Utility

The augmented satisfaction or value someone derives from the consumption of an extra unit of a good or service.

Consumer Surplus

Consumer surplus represents the discrepancy between the total price consumers are prepared and able to spend on a product or service and the actual amount they end up paying.