Use the Following for Questions 61-69

question 235

Multiple Choice

Use the following for questions 61-69.

-(Exhibit: Consumer Equilibrium 1) Assume that the price of both goods is $1 per unit, and you consume 3 units of good X and 3 units of good Y.To maximize utility, assuming that the goods are divisible, you would consume:

• A) less of both X and Y.
• B) more of both X and Y.
• C) less of X and more of Y.
• D) more of X and less of Y.

---

Definitions:

Action Plan

A detailed strategy outlining the tasks and steps needed to achieve specific goals or objectives.

Leader

An individual who guides or directs a group towards achieving set objectives by motivating, influencing, and providing direction.

Open-Book Management

An approach to management in which every employee is trained, empowered, and motivated to understand and pursue the company’s business goals.

Strategic Decision

A significant choice made by top-level management that sets the direction and influences the future success of an organization.