Which of the Following Statements Concerning Utility Is Correct

question 19

Multiple Choice

Which of the following statements concerning utility is correct?

• A)It is possible to precisely measure the utility an individual receives from consuming a particular good or
• Service
• B)It is always possible to determine whether Dalene or Juloy gets more utility from consuming two units of the
• Same good
• C)The utility of goods can be measured while the same is not true for services
• D)Utility is a subjective measure of satisfaction an individual receives from consuming a good or service
• E)It is only useful if there is no scarcity

Identify the key figures in the development of utilitarianism and their contributions.

Distinguish between the concepts of pleasure and happiness in the context of utilitarian ethics.

Explain the role of the hedonistic calculus in evaluating actions according to utilitarian theory.

Describe consequentialism and how it relates to utilitarianism.

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Definitions:

Social Capital

The networks, norms, and social trust that facilitate coordination and cooperation among individuals within a society or group.

Potential Resources

Assets or capabilities that could be utilized or developed to achieve goals, but are not yet actively employed.

Constructive Resistance

A form of opposition or dissent that is aimed at bringing about positive change, often within organizational or social contexts.

Thoughtful Dissent

The act of expressing a well-reasoned disagreement or an alternative viewpoint in a constructive manner, often contributing to more robust decision-making.