-Refer to the Above Figure $P _ { 2 }$ - $\mathrm { P } _ { 0 }$

question 194

Multiple Choice

-Refer to the above figure.A unit tax has been placed on the good.What is the total amount of the tax?

• A)0
• B) \(P _ { 2 }\) - \(\mathrm { P } _ { 0 }\)
• C) \(P _ { 2 }\) - \(P _ { 1 }\)
• D) \(P _ { 1 }\) - \(\mathrm { P } _ { 0 }\)

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Definitions:

Jeremy Bentham

A British philosopher, jurist, and social reformer regarded as the founder of modern utilitarianism.

Consequentialist Theorists

Philosophers who argue that the morality of an action is determined solely by its outcomes or consequences.

Theory of Hedonism

A philosophical theory that posits pleasure or happiness as the highest good and primary motivation for human action.

Ultimate Intrinsic Good

The highest value that is good in itself, sought not for the sake of anything else.