--%>

Problem on utilitarian philosophy

Can someone help me in finding out the right answer from the given options. The utilitarian philosophy didn’t depend on the supposition that: (i) The greatest good for greatest number is the finest social goal. (ii) Individual utilities can be summed up to measure the social welfare. (iii) Pleasure adds to utility, whereas pain detracts from the utility. (iv) People differ extensively in the ability to enjoy some goods. (v) People seek pleasure and try to shun the pain.

   Related Questions in Microeconomics

  • Q : Rises price elasticity of demand for a

    The price elasticity of demand for a good will tend to rise as the: (i) number of obtainable substitutes increases. (ii) consumer income level increases. (iii) good is a less significant budget item. (iv) time permitted for response decreases. (v) ela

  • Q : Determine demand when equilibrium

    Car prices and sales such that the costs per mile of auto passenger travel, and whole passenger miles driven have all rose from the 1940 year, demonstrating that: (w) auto travel is an inferior good. (x) the demand for auto travel is positively sloped. (y) the law of

  • Q : Marginal Resource Costs The word

    The word ‘marginal resource costs’ or ‘marginal factor costs’ signifies to the: (1) Additional cost included in generating an additional resource. (2) Additional cost included in generating an additional unit of the resource. (3) Additional cos

  • Q : Pure competition or monopoly with

    Compared along with pure competition or monopoly, not perfect competition is: (w) far more common in Europe than in the United States. (x) much more common in markets during the world. (y) much less common in advanced nations than in underdeveloped na

  • Q : Influence of good on opportunity cost

    The law of demand defines that, all as well constant, consumers will obtain: (i) More of a good, the lower its opportunity cost. (ii) Less of any good, higher the prices of its substitutes. (iii) Advertised goods more often than generic products. (iv) Greater luxuries

  • Q : Intermediate economics hw help I don't

    I don't know how to do this kind of homework

  • Q : Problem on Efficiency Wage I have a

    I have a problem in economics on Efficiency Wages problem. Please help me in the following question. The Efficiency wages: (i) do not maximize firm profit. (ii) Cause involuntary unemployment. (iii) Are paid due to adverse selection. (iv) Are never se

  • Q : Profit maximizing strategy at breakeven

    Nostalgia Corporation would exactly break-even on its Silver Screen DVDs when, in place of correctly identifying its profit maximizing strategy, this: (w) operated at point i, charging only $10 per DVD and producing 8 million DVD. (x)

  • Q : Characterize market structure of

    The market structure of monopoly is characterized by: (w) a single firm producing a good which lacks close substitutes. (x) differentiated products produced by various firms. (y) marginal revenue or say MR less than price for several firms. (z) extens

  • Q : Increasing cost industries when

    When resource supply curves facing an industry are positively sloped, in that case the exit of firms which have incurred losses will result in: (w) higher prices and lower output for the industry, although lower average production costs for the surviv