Suppose That 2 Units of X and 8 Units of Y

question 92

Multiple Choice

Suppose that 2 units of X and 8 units of Y give a consumer the same satisfaction as 4 units of X and 2 units of Y.Then

• A)the consumer is willing to give up 3 units of Y to obtain 1 more unit of X.
• B)the consumer is willing to give up 1 unit of Y to obtain 3 more units of X.
• C)the marginal rate of substitution of Y for X is 3.
• D)both a and c
• E)both b and c

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Definitions:

Team Player

An individual who works well within a group, contributing to the team's goals and effectively collaborating with other members.

Actively Listening

The practice of paying full attention to a speaker, understanding their message, and responding thoughtfully.

Communication Network

The structure and means by which information is transmitted and received within an organization or group.

Lines Of Command

Refers to the hierarchical structure within an organization that dictates authority, responsibility, and communication flow.