Examlex
Which of the following best explains why Mill thinks that the Greatest Happiness Principle is the "foundation of morals"?
Convex
A shape where a line drawn between any two points on the structure will lie outside it, often used in economics to describe preference curves.
Marginal Rates
Rates of tax or charges that apply to the next unit of income or consumption, often increasing with the amount subject to the rate.
MU/P
Marginal utility per unit of price; a calculation used to determine the additional satisfaction gained per unit of currency spent on different goods and services.
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