Use the Following for Questions 61-69

question 242

Multiple Choice

Use the following for questions 61-69.

-(Exhibit: Consumer Equilibrium 1) Assume that the price of good X is $2 per unit and the price of good Y 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.

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Definitions:

Middle Adults

Individuals typically between the ages of 40 and 65, often experiencing transitions in health, social roles, and responsibilities.

Chronic Health Problems

Long-term health conditions that are persistent and have ongoing effects on a person's health.

Loss of Independence

The reduction or elimination of an individual's ability to perform daily activities or make decisions autonomously, often due to physical or mental health conditions.

Intellectual Abilities

The mental capacity to learn, reason, solve problems, and adapt to new situations.