Utilitarianism Argues That Our Decisions Should Consider the Likely Consequences

question 14

True/False

Utilitarianism argues that our decisions should consider the likely consequences for everyone affected by them.

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Definitions:

Burritos

A traditional Mexican dish consisting of a wheat flour tortilla wrapped or folded around a filling.

Marginal Revenue

The additional income that a firm generates from selling one more unit of a good or service.

Graphing Calculators

Portable, handheld calculators capable of plotting graphs, solving simultaneous equations, and performing other tasks with variables.

Monopoly

A market structure characterized by a single seller selling a unique product in the market.