Which of the following CORRECTLY defines utilitarianism? A) ...

[biggirl4568]

Which of the following CORRECTLY defines utilitarianism?
 
  A) Cost will increase if production increases.
  B) The difference between what a consumer is willing to pay and what actually has to be paid.
  C) Society should strive to achieve the greatest good for the greatest number.
  D) Equality will not result in efficient outcomes.

Question 2

The above figure illustrates a single-price unregulated monopolist. If the monopolist maximizes its profit, the deadweight loss equals ________.
 
  A) 10,000
  B) 20,000
  C) 45,000
  D) 40,000

[pikon]

Answer to Question 1

C

Answer to Question 2

A

[biggirl4568]

Thanks for the timely response, appreciate it

[Liamb2179]

Excellent