Use the Following to Answer Question

question 26

Multiple Choice

Use the following to answer question:
-(Table: Consumer Equilibrium) Use Table: Consumer Equilibrium.Assume that the price of good X is $5 per unit,that the price of good Y is $1 per unit,and that you have $10 to spend on both goods.To maximize utility,you would consume _____ unit(s) of X and _____ unit(s) of Y.

• A)0;1
• B)1;5
• C)4;6
• D)5;5

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Definitions:

Merchandising

The activity of promoting the sale of goods, especially by their presentation in retail outlets, including product display, signage, and special offers.

Packaging

The process and design of wrapping or enclosing products for distribution, storage, sale, and use.

Label

An integral part of the package that typically identifies the product or brand, who made it, where and when it was made, how it is to be used, and package contents and ingredients.

Product Bundle

A sales approach that bundles multiple items together as a single packaged offering.