--%>
Assignment Help - homework help

Problem regarding Utilitarianism

Can someone help me in finding out the right answer from the given options. However the idea that people seek happiness and try to evade pain dates back to Epicurus and other ancient Greeks, the individual generally acknowledged as the founder of the ‘modern’ school of thought termed as utilitarianism was: (1) John Stuart Mill. (2) Thorstein Veblen. (3) Jeremy Bentham. (4) William James. (5) Fyodor Dostoyevsky.

   Related Questions in Microeconomics

  • Q : Elasticity formula when price falls

    When the quantity of SCUBA lessons demanded by Hawaiian tourist’s increases from 800 to 1,000 weekly and if the price drops/falls from $30 to $20 per session, by using the arc elasticity formula, the price elasticity of demand will be: (i) 5.555

    		•
  • Q : Pure competition for quantity adjustment

    The only industrial structure in that all firms are pure quantity-adjusting price takers is: (1) impure oligopoly. (2) pure monopoly. (3) pure or perfect competition. (4) monopolistic competition. (5) pure oligopoly.

    Q : Least commonly finance investment in

    Business firms least commonly finance investment within new economic capital by: (w) retained earnings. (x) the issuance of common or preferred stocks. (y) borrowing from banks or other financial institutions. (z) gra

    		•
  • Q : Definition of Economic Profit To assert

    To assert that a firm made exactly zero economic profits as well signifies that it made: (i) Zero accounting profits. (ii) Normal economic profits. (iii) Negative accounting profits. (iv) No profits at all. Choose the right answer

    		•
  • Q : Effects of Moral Hazard When you pay a

    When you pay a straight A student in advance to write your term-paper and that person spends money on the party and then decides not to do a fine job and hence you wind-up with an F for submitting sloppily written gibberish, you have just suffered since of: (i) Advers

    		•
  • Q : When is marginal costs equivalent to

    A purely competitive firm adjusts production therefore its marginal costs equivalent the market price, thus: (w) minimizing losses or maximizing profit. (x) ensuring that total costs do not exceed total revenue. (y) surviving the shor

    		•
  • Q : Objective of firm in price

    The firm's objective within price discrimination is to: (w) make the community better off economically. (x) make several consumers better off economically. (y) increase revenue and profit. (z) minimize average cost.

    Q : Income elasticity of demand with small

    The income elasticity of demand can be approximately computed if we identify the percentage change within the: (1) quantity of a good demanded yielded by a specified absolute change in income. (2) price generated through a specified change in quantity

    		•
  • Q : Proportion of total costs I have a

    I have a problem in economics on Proportion of total costs. Please help me in the following question. Demand for the labor is more elastic as the: (1) Bigger labor costs is as proportion of net costs. (2) Shorter the time-interval considered. (3) Bigg

    		•
  • Q : Increased market demand for generic 2×4s

    Increased market demand for generic 2×4s as in demonstrated graph would result within a(n) ___________ within the price of 2×4s as well as a(n) ___________ into this lumber mill’s profit-maximizing output.: (w) increase; decrease. (x

    		•