Jeremy Bentham utilitarianism

Possible utilization of a ‘felicific calculation’ to recognize punishments for the crimes was derived from: (1) Medieval scholasticism. (2) Say’s Law. (3) Gresham’s Law. (4) Marshall’s Maxim. (5) Jeremy Bentham’s utilitarianism.

Can someone please help me in finding out the accurate answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : Maximize profits by oligopoly An

An oligopoly will maximize profits when this produces where: (w) MR > MC. (x) MR = MC. (y) TR = TC. (z) MR > P. Can anybody suggest me the proper explanation for given problem regarding Economics

Q : Example of bilateral monopoly The most

The most excellent example of bilateral monopoly from the given list would be the condition of negotiations among: (i) U.S. Immigration Service and undocumented workers from Mexico. (ii) Fast food franchises and workers who are high-school dropouts. (

Q : What is an Indifference curve

Indifference curve: It is the combination of two goods that provides consumer similar level of satisfaction.

Q : Economically inefficient level of output

A monopolist produces an economically inefficient level of output since: (i) the difference among marginal revenue [MR] and marginal costs [marginal costs [MC] is maximized. (ii) P > average total costs [ATC], therefore MSB < MSC. (iii) all cons

Q : Marginal revenue for purely competitive

For a purely competitive firm and for a nondiscriminating unregulated monopolist, the marginal revenue is: (1) identical to the price per unit of output. (2) equal to marginal cost when profit is maximized. (3) greate

Q : What will be included in illustrations

Illustrations of price floors comprised: (1) agricultural subsidies upon, for example: corn. (2) usury laws, that are limits on the interest rates on loans. (3) utility rate structures upon natural gas or electricity. (4) rent controls in London, San

Q : Adequate resources to escape a state of

When individuals or families have adequate resources [for example, employment opportunities] to escape a state of destitution, although choose not to, they are experiencing as: (1) involuntary poverty. (2) relative poverty. (3) a vicious cycle of pove

Q : Existence of elasticity from zero to

Each negatively sloped linear demand curve consists of: (1) variable slope. (2) price elasticity coefficients which increase when the price falls. (3) price elasticity which range from zero to infinity. (4) a price elasticity of one at whole points. (5) an inelastic region above

Q : Define consumption function Consumption

Consumption function: The relationship among income and consumption is termed as consumption function.

Q : Elasticity of demand changes with price

Calculating the price elasticity of demand for DVD games for a price variation from $50 to zero in such demand curve is: (w) 0. (x) infinity. (y) mostly meaningless since elasticity changes continuously over such range. (z) 1.5.

Discover Q & A

Leading Solution Library

Avail More Than 1420716 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1941339
Asked

3,689

Active Tutors

1420716

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment