Figure 27-1.The Figure Shows a Utility Function

question 34

Multiple Choice

Figure 27-1.The figure shows a utility function.
-Refer to Figure 27-1.Which distance along the vertical axis represents the marginal utility of an increase in wealth from $600 to $800?

• A)the distance between the origin and point B
• B)the distance between the origin and point C
• C)the distance between point A and point C
• D)the distance between point B and point C

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Definitions:

Dizygotic Twins

Also known as fraternal twins, these are siblings born at the same time as a result of two separate eggs being fertilized by two separate sperm.

Phenotype

The set of observable characteristics or traits of an organism, resulting from the interaction of its genotype with the environment.

Allele

A variant form of a gene that arises by mutation and is found at the same place on a chromosome.

Genotype

The genetic makeup of an organism, composed of both visibly expressed and non-expressed genes.