Utilitarianism is
a. a liberal religion that focuses on individual rights.
b. a political philosophy that believes the government should choose policies deemed to be just by an impartial observer.
c. a political philosophy that believes the government should not redistribute income.
d. a political philosophy that believes the government should choose policies to maximize the total utility of society.
d
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Which of the following is not cited as a reason for a firm to pursue a group pricing strategy?
A) To minimize its total costs of production. B) To increase its total profit. C) To attract and lock in additional customers. D) To create network externalities.
Which of the following statements is true?
a. Goods are scarcer than services in an economy. b. Goods are scarce for neither the poor nor the rich. c. Goods are scarce for both the poor and the rich. d. Goods are scarce for the poor but not for the rich. e. Goods are scarce for the rich but not for the poor.