Jeremy Bentham believed that governments should
A) promote the greatest happiness for the greatest number.
B) own the means of production.
C) stay out of the marketplace.
D) be run by economists.
Correct Answer:
Verified
Q51: Utility measures
A) the amount of satisfaction gained
Q52: _ is the satisfaction received from consuming
Q53: In the theory of utilitarianism, economists assume
Q54: To an economist, utility is
A) identical to
Q55: The two theories of consumer choice used
Q57: Marginal utility is NOT
A) measured in utils.
B)
Q58: A util is
A) a hypothetical unit of
Q59: Joni receives 8 utils from drinking her
Q60: The main difference between marginal utility and
Q61: Why does the marginal utility associated with
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