The Goal of Utilitarianism Is To

question 75

Multiple Choice

The goal of utilitarianism is to:

• A)ensure that everyone is equal.
• B)maximize the happiness of the poor.
• C)create the greatest happiness for society.(True Answer )Correct
• D)prevent recessions, high unemployment, and inflation.

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Definitions:

Fixed Cost

Expenses that do not change with the volume of production or sales, such as rent, salaries, and insurance.

Variable Costs

Costs that move in parallel with the rate of goods or services output.

Sensitivity Analysis

The study of how the variation in the output of a model can be attributed to different variations in the inputs of the model, used to predict the impact of changes in economic variables.

Earnings Before Taxes

The income a company generates before taking into account the income tax expense.