Use the Table Below to Answer the Following Question

question 16

Multiple Choice

Use the table below to answer the following question.
Table 8.2.4

-Refer to Table 8.2.4.Suppose the price of X is $1 and the price of Y is $1.How much of each should you purchase to maximize utility from a total expenditure of $11?

• A)3 units of X and 8 units of Y
• B)4 units of X and 7 units of Y
• C)5 units of X and 6 units of Y
• D)6 units of X and 5 units of Y
• E)7 units of X and 4 units of Y

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Definitions:

Salaries

Compensation that employees receive regularly for rendering their services.

Withholdings

Amounts of money withheld from an employee's paycheck for taxes, health insurance, retirement savings, etc., and paid directly to the government or other entities.

Payroll Reporting

The process of compiling and submitting employee payroll data, including wages, salaries, and tax withholdings, to relevant authorities or organizations.

Processing Payroll

The administrative task of calculating and distributing wages, as well as filing the necessary taxes.