The Very Idea of Morality Only Makes Sense If People

question 74

Multiple Choice

The very idea of morality only makes sense if people have

• A)family members.
• B)friends.
• C)beliefs.
• D)intentions.

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Definitions:

Expected Utility Function

A mathematical representation of an individual's preference for uncertain outcomes, using probabilities to calculate the expected satisfaction or utility.

Utility Function

A mathematical representation that shows the relationship between the utility or satisfaction a consumer receives and the consumption of various goods and services.

Risk Neutral

A description of an investor or decision maker who is indifferent to risk, focusing solely on the expected outcome without regard to the variability of returns.

Income

The financial gain received by an individual or entity, usually from work, investments, business ventures, or other sources.