Use the Following to Answer Question

question 115

Multiple Choice

Use the following to answer question:
-(Table: Consumer Equilibrium) Use Table: Consumer Equilibrium.Assume that goods X and Y both cost $1 per unit and you have $4 to spend on both goods.To maximize utility,you would consume _____ unit(s) of X and _____ unit(s) of Y.

• A)0;4
• B)1;3
• C)2;2
• D)3;1

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Definitions:

Conservation of Energy

A fundamental principle of physics stating that the total energy in an isolated system remains constant, though it may change forms, such as from kinetic to potential energy.

Heat Lost

The amount of heat energy that escapes or is unintentionally transferred from a system to its surroundings.

Combustible Liquid

A liquid that can ignite easily or catch fire at temperatures at or above room temperature.

Gas Chromatograph

An analytical machine used for separating and analyzing compounds that can be vaporized without decomposition, typically used in chemical analysis.