Oliver Has Inherited Genes That Put Him at Risk for Developing

question 74

Short Answer

Oliver has inherited genes that put him at risk for developing diabetes. However, Oliver never develops diabetes due to a healthy diet and exercise. This example demonstrates that human characteristics, including diabetes, are _____.

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Definitions:

Utility Function

A mathematical expression that represents a consumer's preference ranking over a set of goods and services.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period of time.

Income

The total money received by an individual or household from various sources like wages, investments, and benefits, over a specific period.

Utility Function

A mathematical representation that describes how the total utility of a consumer depends on the consumption of various goods and services.