Utility

Our moral duties or actions are often based on the moralities and duties. As studied, two ethical and philosophical theories perfectly explain and study our moral behaviors and thoughts. The two theories are named Utilitarianism which emphasizes on morality based on good and pleasant consequences, and the Deontological theory which in contrary of the Utilitarianism focuses on Duties and rights. In order to put these theories in practice, a situation of a train is given. In fact, I, the train…

The neoclassical economic model gives an exceptionally fulfilling clarification of why parties are willing to join hands and enter into a contracts. Parties enter into contracts with their own free will without any coercion. Hence each party will enter into a contract only if its anticipated benefits are greater than the expected costs. For example assume that a house owner offers to pay a painter $5,000 to paint her home. The house owner must expect the value of the benefits she receives from…

machinery costs, and freight; b. Fixed costs, such as the land, building, stores, rent, allocated depreciation, and maintenance and repair; and c. Mixed costs, such as the general and administration costs (employees’ benefits and compensation, utilities and marketing and distribution (Goldstein, 2008). 2. Dunkin Donuts is an American coffee and donut chain. Its major product is the bagels and donuts. The costs of producing just the bagels with cream cheese are: a. Variable costs, such as the…

I decided to enroll in AP Government and Economics it is the class that has the most utility for me. Starting towards the middle of freshman year in Honors Global History, I thought going into a higher history class was a good idea, so I decided to enroll in AP US History, which was one of the better decisions in my life. That class was a good experience so I wanted to take AP again in junior year. There are multiple benefits that drove me to make this decision; the first is content. In every…

individuals, understanding that not everyone endures the same circumstances, and therefore different lives have varying value. Quality of Life theory can be used in conjunction with the theory of Utilitarianism, to examine the amount of positive utility…

The significance of Bentham is that he popularizes his ideas of social utility, the general welfare, and the common good. These ideas have great effects in current politics and government. When everyone praises highly the moral value and natural right, Bentham criticizes they are simple nonsense: Natural rights, according to Bentham, are “simple nonsense: natural and imprescriptible rights, rhetorical nonsense, — nonsense upon stilts” So-called moral and natural rights are mischievous fictions…

Analysis: Warren E. Buffett, the chairperson and the CEO of Berkshire Hathaway Inc., announced that MidAmerican Energy Holdings Company, a subsidiary of Berkshire Hathaway, would acquire the electric utility PacifiCorp. He considers this as his largest deal since 1998 and the second largest in his entire career. The acquisition of PacifiCorp renewed public interest in Berkshire Hathaway’s shares and on the day of the announcement the market value of equity…

economic impacts on utilities, their customers, and suppliers of load equipment. The quality of power can have a direct economic impact on many industrial consumers. This usually means electronically controlled, energy-efficient equipment that is often much more sensitive to deviations in the supply voltage than were its electromechanical predecessors. Industrial customers are now more money associated with these disturbances Besides the obvious financial impacts on both utilities and industrial…

some selfish and power-hungry decisions next season. This is a problem with a utilitarian because it's difficult not to give your own utility more value for the group than you actually bring to the table. When confronted with this reality, the utilitarian can sometimes become hostile because not only are you questioning their utility, you're questioning any utility of the…

Safe Abortion According to the World Health Organization, unsafe abortions are the most easily preventable causes of maternal mortality (Grimes et al, 2006). In countries with developed healthcare systems, in-clinic abortions are responsible for one or less maternal deaths per 100,000 procedures. Restrictive laws lead women to pursue unsafe, illegal means of abortion, but do little to reduce the overall occurrence (Cohen, S.A, 2009). According to the Guttmacher institute of health, out of the…