A Real-World Difficulty of Applying Utilitarianism Is That

question 16

Multiple Choice

A real-world difficulty of applying utilitarianism is that:

• A) It can be difficult to identify all stakeholders affected by a decision
• B) It can be difficult to measure utility
• C) Some benefits, such as the enjoyment of privacy, are difficult to quantify
• D) All of the above

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Definitions:

Marginal Productivity Theory

A principle in economics that suggests that the addition of a unit of labor or capital leads to a change in output, essentially quantifying the extra output produced by adding one more unit of a resource.

Equilibrium Value

The price and quantity at which the supply of an item equals the demand for that item, achieving a balance in the market.

Marginal Product

The additional output that is produced as a result of utilizing one more unit of a variable input, holding other inputs constant.

Equilibrium Quantity

The level of goods or services offered and demanded at the price of equilibrium.