The Table Given Below Depicts the Total Utility Derived from the Consumption

question 58

Multiple Choice

The table given below depicts the total utility derived from the consumption of a good.Table 7.1

-Marginal utility diminishes more quickly:

• A)the less durable the good is.
• B)the greater the number of consumers consuming the good.
• C)the shorter the time period between two successive consumptions.
• D)the greater the number of firms producing the good.
• E)the cheaper the good is.

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Definitions:

Phenotypic Plasticity

The ability of an organism to change its phenotype in response to changes in the environment.

Genetic Variation

The diversity of gene frequencies within a population, which drives evolution by enabling adaptation to changing environments.

Heritability

The proportion of observed variation in a particular trait, within a population, that can be attributed to inherited genetic factors as opposed to environmental influences.

Genome Wide Association

A study approach that involves rapidly scanning markers across complete sets of DNA, or genomes, of many people to find genetic variations associated with a particular disease.