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.

View Complete Question

Related Questions in Microeconomics

Q : Simple circular flow model The simple

The simple circular flow model illustrates that: A) households are on the buying side of both product and resource markets. B) businesses are on the selling side of both product and resource markets. C) households are on the selling side of the resource market and on

Q : Rain affects play The ABC industry in

The ABC industry in UK had poor sales in the summer of 2007. This practice explores why, employing economic analysis. It considers how the forces in the direction of an equilibrium price might affect a firm.

Q : Complete equilibrium by distribution of

When the economy was in a complete equilibrium, in that case the distribution of income would be precisely proportional to the distribution of: (a) taxation. (b) inheritance. (c) luck. (d) wealth.

Q : Intending negative income tax The

The negative income tax suggestions: (w) are intended to simplify federal income taxes. (x) require the poor to pay taxes regardless of their incomes. (y) call for higher income taxes on transfer payments. (z) are attempts to balance the goals of equi

Q : Find price elasticity of demand for

Suppose yearly steel sales double to 80 million tons while the price falls $40 per ton, to $180 per ton. Therefore price elasticity of demand for steel is approximately: (w) 3.333. (x) 10.000. (y) 2.500. (z) 6.667.

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 : Monopsonistic exploitation-Labor union

Can someone please help me in finding out the accurate answer from the following question. Labor union contracts, a comparable significance rule, or minimum wage laws might boost equilibrium employment when a firm has been practicing: (i) Blacklisting

Q : Illustrates the initial point of

RoboMatic’s RoboMaids have turn into the hottest innovation in consumer electronics since colour television. The initial point Robomatic requires to see in its quest to maximize profit is: (1) point e. (2) point f. (3) point g.

Q : Problem regarding labor monopsonist The

The labor monopsonist will hire labor up to the point where the marginal: (1) Revenue product of the labor equivalents the wage. (2) Resource cost of labor equivalents the salary. (3) Revenue product of labor equivalents its marginal resource cost. (4) Resource cost o

Q : Market-period supply curve For a purely

For a purely competitive industry a market-period supply curve would be: (i) curve A. (ii) curve B. (iii) curve C. (iv) curve D. (v) curve E.

Discover Q & A

Leading Solution Library

Avail More Than 1430348 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1929520
Asked

3,689

Active Tutors

1430348

Questions
Answered

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

Submit Assignment