Answer:
The two kind of utilitarianism are act and rule
Explanation:
Utilitarianism is the form or kind of consequentialism as it rests the idea which is the result or consequence of laws, actions or policies, and determine or evaluate whether they are right or wrong.
The 2 types of utilitarianism are rule and act, where rule utilitarianism is the one which focus on the effects of kinds of actions like stealing o killing and the act utilitarianism is the one which focus on the effects of the individual actions.
Answer:
$8000
Explanation:
They have to pay $8,000 as an implicit costs.
The implicit expenditure is the advantage of the right to use the personal resources of a company that is not listed as actual, distinct expenditures.
Computation of Implicit cost for the Boston Batting Cage :
Implicit cost = Labor + maintenance + electricity
= $5,000 + $2,000 + $1,000
= $,8000
A relatively mild period of falling incomes and rising unemployment is called a <u>recession</u>.
What is recession?
- A recession is a significant, widespread, and prolonged downturn in economic activity.
- Because recessions often last six months or more, one popular rule of thumb is that two consecutive quarters of decline in a country's Gross Domestic Product (GDP) constitute a recession.
- Recessions typically produce declines in economic output, consumer demand, and employment.
- A recession is a significant, pervasive, and persistent decline in economic activity.
- Economists measure a recession's length from the prior expansion's peak to the downturn's trough.
- Recessions may last as little as a few months, while the economic recovery to the former peak can take years.
- An inverted yield curve has predicted the last 10 recessions, along with a couple that never materialized.
- Unemployment often remains high well into an economic recovery, so the early stages of a rebound can feel like a continuing recession for many.
- Countries around the world use fiscal and monetary policies to limit the risks of a recession.
To know more about recession, refer:
brainly.com/question/1417711
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