If Happiness Always Makes Us Better Off, Then Hedonism

question 11

Multiple Choice

If happiness always makes us better off, then hedonism

• A) must be true.
• B) must be false.
• C) might be true, but only if other things make us better off as well.
• D) might still be false if other things make us better off as well.

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Definitions:

Equilibrium

A state of balance in a system where competing forces or influences are equal; in economics, it's where supply equals demand.

Marginal Utility

The change in satisfaction or utility that an individual gains from consuming an additional unit of a good or service.

Consumer Equilibrium

A state where an individual allocates their income in a way that maximizes their utility, given their budget constraints.

Marginal Utility

The extra pleasure or benefit a consumer receives from using an additional unit of a product or service.