Examlex
The acceptable price range of a product or service is the area between the ________ defined by customers in the market and the ________ established by the company's cost structure.
Marginal Utility
The additional satisfaction or utility gained from consuming one more unit of a good or service.
Utilitarianism
An ethical theory proposing that the best action is the one that maximizes happiness for the greatest number of people.
Veil Of Ignorance
A principle that one should design society's rules as if they do not know their own socioeconomic position, to ensure fairness.
Equality Of Opportunity
The ideal that all individuals should have the same chances to pursue success or advancement, regardless of their background or circumstances.
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