How Would the Six Points of Utilitarianism Be Applied to "The

question 36

Essay

How would the six points of utilitarianism be applied to "The Ford Pinto" case to come to a proper resolution?

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Definitions:

Equity

Fairness or justice in the way people are treated or in the distribution of resources.

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved or is not achievable.

Excise Taxes

Taxes imposed on specific goods or services, such as tobacco or alcohol, typically aimed at reducing consumption of these goods or raising revenue.

Inelastic Demand

Inelastic demand refers to a market condition where the quantity demanded of a good or service changes very little in response to price changes.