For Paley, Why Wouldn't We Stop Supposing Someone Created the Watch

question 64

Multiple Choice

For Paley, why wouldn't we stop supposing someone created the watch if we find out it is imperfect?

• A) Because watches are different from rocks
• B) Because it is still unlikely to be a natural feature of the heath
• C) We would stop supposing the watch was created by someone if we find out it is imperfect
• D) Because the purpose of the watch would still be evident

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Definitions:

Implicit Costs

The opportunity costs associated with a company's use of resources that it owns, representing the potential income lost by not using those resources in an alternative way.

Total Revenues

The overall sum of money earned by a business from its sales of goods or services, calculated without deducting any expenses.

Marginal Product

The incremental increase in output resulting from the use of one additional unit of a resource, while keeping other resources constant.

Variable Resource

A factor of production whose quantity can easily be changed in the short term to increase or decrease production levels.