A Social Welfare Function (SWF)

question 68

Multiple Choice

A social welfare function (SWF)

• A) depicts the preferences of the president of the country.
• B) combines various consumers' utilities to provide a collective ranking of allocations.
• C) indicates the choices that are acceptable by most consumers.
• D) is the outcome of a majority voting decision rule.

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Definitions:

Eda Gene

A gene associated with the development of ectodermal tissues, including skin, hair, teeth, and glands, and can influence phenotypic variations.

Functional Importance

The significance of a structure, process, or gene in the survival, fitness, or performance of an organism.

Inherited Variation

Genetic differences passed on from parents to offspring, contributing to diversity within a species.

Genetic Fixation

The process by which a particular allele becomes the only allele at its genetic locus within a population or species, often as a result of genetic drift or natural selection.