Your Classmates from the University of Chicago Are Planning to Go

question 2

Multiple Choice

Your classmates from the University of Chicago are planning to go to Miami for spring break, and you are undecided about whether you should go with them. The round-trip airfares are $600, but you have a frequent-flyer coupon worth $500 that you could use to pay part of the airfare. All other costs for the vacation are exactly $900. The most you would be willing to pay for the trip is $1400. Your only alternative use for your frequent-flyer coupon is for your trip to Atlanta two weeks after the break to attend your sister's graduation, which your parents are forcing you to attend. The Chicago-Atlanta round-trip airfares are $450. If the Chicago-Atlanta round-trip air fare were $350, should you use the coupon to go to Miami?

• A)No, your economic surplus would be -$50.
• B)No, your economic surplus would be -$100.
• C)Yes, your economic surplus would be $50.
• D)Yes, your economic surplus would be $400.

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Definitions:

Codominant

Codominant refers to a genetic scenario where two different alleles of a gene are expressed equally in the phenotype of a heterozygote.

Recessive

A term for a gene that directs the development of a particular characteristic only if the corresponding gene on the other chromosome matches it—i.e., is the same allele.

Genetic Inheritance

The process by which an offspring receives genes from its parents, explaining how traits or conditions are passed from one generation to the next.

Origin of Species

The scientific explanation of how different kinds of living organisms are believed to have developed, especially as popularized by Charles Darwin's work.