The goal of utilitarians is to
a. apply the logic of individual decision making to questions concerning morality and public policy.
b. measure happiness and satisfaction.
c. redistribute income based on the assumption of increasing marginal utility.
d. All of the above are correct.
a
You might also like to view...
Why are many oligopolistic market outcomes conveniently described by a Prisoners' Dilemma?
A) The firms can always achieve the outcome that maximizes joint outcomes. B) The firms could do better than the Nash equilibrium if they collude. C) The outcome of a Prisoners' Dilemma is always efficient. D) The outcome of a Prisoners' Dilemma is always identical to the perfectly competitive outcome.
What is the profit maximizing (loss minimizing) quantity for the perfectly competitive firm to produce?
What has been the range of federal spending as a percentage of GDP since 1960?
a. 10 percent to 12 percent b. 13 percent to 15 percent c. 18 percent to 22 percent d. 25 percent to 30 percent
The cross-price elasticity of demand for generic brand pasta, an inferior good, would be expected to be less than zero
Indicate whether the statement is true or false