The goal of utilitarians is to
a. punish crimes and enforce voluntary agreements but not to redistribute income.
b. redistribute income until each person has equal earnings.
c. redistribute income until the marginal utility of the wealthiest person equals the total utility of the poorest person.
d. redistribute income based on the assumption of diminishing marginal utility.
d
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Customers are most likely buying from a natural monopoly when they purchase
A) aspirin from a generic drug company. B) a laptop computer from Sony. C) a glass of water from the local water company. D) all of the above.
________ is considered a high income country, ________ a developing country, and ________ a newly industrializing country
A) Canada; France; Singapore B) Honduras; New Zealand; South Korea C) Japan; Hong Kong; South Korea D) United States; Somalia; Taiwan