Which of the Following Represents a Utilitarian Belief

question 59

Multiple Choice

Which of the following represents a utilitarian belief?

• A)Rightness is determined by what most people want,i.e. ,by majority rule.
• B)Rightness is determined by what will bring about the most good.
• C)We should concern ourselves only with the immediate results of our actions.
• D)We must always disregard our own happiness when deciding what to do.

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Definitions:

Total Revenue

The overall sum of money received by a company or individual from the sale of goods or services, before any expenses are subtracted.

Marginal Revenue

The additional income generated from selling one more unit of a good or service, crucial for decision-making in production and pricing strategies.

Nondiscriminating Monopolist

A monopolist that charges all consumers the same price for its product, regardless of the quantity purchased or consumer identity.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers at those prices.