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- Please do not give solution in image formate thanku. Utilitarianism ethics theory is used to justify the economic theory. Select one: True FalseUtilitarianism is attractive to many because it matchesthe views we tend to hold when discussing governmental policies and publicgoods. True False12. Why do businesses and governments often use utilitarian thinking to determine the proper course of action?
- Describe Building a Should-Cost Model?2.If you are the employer of a business establishment, how will you apply utilitarianism using consequentialism components? Give examples ofWhich does a utilitarian attempt to maximize? Total amount of happiness (b) Total number of people made happier (c) Net happiness
- How do economic incentives interact with pro-social behavior?According to standard economic theory which is true? a. Choices people make, including the choice to eat French fries or smoke, should be respected as long as these choices do not affect others. b. Taxes on sugary sodas force consumers to make decisions that are privately confusing. c. Public intervention is always justified as long as the prevalence of the problem is large d. Obesity is a public problem, not a private problem, because it is associated with reduced life expectancy.What are the human behaviors economists should observe when creating economic models?