This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Willingness to pay measures A) the maximum price that a buyer is willing to pay for a good or ... (Read 32 times)

futuristic

  • Hero Member
  • *****
  • Posts: 638
on: Jun 29, 2018
Willingness to pay measures
 
  A) the maximum price that a buyer is willing to pay for a good or service.
  B) the amount a seller actually receives for a good minus the minimum amount the seller is willing to accept for the good.
  C) the maximum price a buyer is willing to pay minus the minimum price a seller is willing to accept.
  D) the maximum price a buyer is willing to pay for a product minus the amount the buyer actually pays for it.

Question 2

On what economic principle is the concept of utilitarian justice developed? Explain.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ally

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

The concept of utilitarian justice is based on the idea of diminishing marginal utility of income. This implies that transferring income from the wealthy to the poor will increase total utility.


futuristic

  • Member
  • Posts: 638
Reply 2 on: Jun 29, 2018
Excellent

kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

onions taste good onions taste good
EXAMPLES OF NURSING-SENSITIVE OUTCOME MEASURES EXAMPLES OF NURSING-SENSITIVE OUTCOME MEASURES
When teenagers live in single-parent homes, a good relationship with grandparents is related to ... When teenagers live in single-parent homes, a good relationship with grandparents is related to ...
Recommended Maximum Doses of Local Anesthetics with Vasoconstrictor Recommended Maximum Doses of Local Anesthetics with Vasoconstrictor
Rice noodles are a good gluten-free substitute for pasta Rice noodles are a good gluten-free substitute for pasta
Top Eleven Countries in Year 2009 According to Three Different Measures Top Eleven Countries in Year 2009 According to Three Different Measures
Video: Bone cells and tissues - tissue composition and cells

For a complete list of videos, visit our video library