Figure 27-5

question 56

Multiple Choice

Figure 27-5.The figure shows a utility function for Dexter.
-Refer to Figure 27-5.In what way(s) does the graph differ from the usual case?

• A)The utility function shown here is upward-sloping,whereas in the usual case the utility function is downward-sloping.
• B)The utility function shown here is bowed downward (convex),whereas in the usual case the utility function is bowed upward (concave).
• C)On the graph shown here,wealth is measured along the horizontal axis,whereas in the usual case saving is measured along the horizontal axis.
• D)On the graph shown here,utility is measured along the vertical axis,whereas in the usual case satisfaction is measured along the vertical axis.

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Definitions:

Distinctive Physical Features

Unique physical attributes or characteristics that distinguish an individual or thing from others.

Doctrine of Superiority

A belief system that holds one group to be inherently superior to others on the basis of race, ethnicity, religion, or cultural background, often used to justify inequality.

Genetic Analysis

The study or examination of an organism's genes or chromosomes in order to identify hereditary diseases, conditions, or traits.

Evolutionary Biologist

A scientist who studies the evolutionary processes that produced the diversity of life on Earth, from a common ancestor.