John Stuart Mill Changed Bentham's Principle of Utility to Allow

question 24

True/False

John Stuart Mill changed Bentham's principle of utility to allow for qualitative differences in pleasures in order to make utilitarianism more consistent with morality.

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Definitions:

Fixed Input

An input whose quantity is constant and cannot be changed in the short run.

Short Run

A period in economics during which some factors of production are fixed, limiting the ability of a business to fully adjust to market changes.

Long Run

An economic term referring to a period during which all inputs or factors of production can be varied, and there are no fixed constraints.

Average Fixed Costs

The fixed costs (those not changing with output level) of production divided by the quantity of output produced.