Figure 21-25 the Figure Pertains to a Particular Consumer

question 319

Multiple Choice

Figure 21-25 The figure pertains to a particular consumer. On the axes, X represents the quantity of good X and Y represents the quantity of good Y.
-Refer to Figure 21-25. Suppose the price of good X is $8, the price of good Y is $10, and the consumer's income is $360. Then the consumer's optimal choice is to buy

• A)15 units of good X and 24 units of good Y.
• B)20 units of good X and 20 units of good Y.
• C)30 units of good X and 12 units of good Y.
• D)40 units of good X and 4 units of good Y.

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Definitions:

Public Transportation

A system of vehicles such as buses and trains that operate at regular times on fixed routes and are used by the public.

Teacher Salaries

The compensation that educators receive for their teaching services, often determined by qualifications, experience, and location.

Economic Theory

A set of principles and models that explains how economies function, including the distribution of resources and the consumption of goods and services.

Public Sector Decision Making

The process by which government bodies or agencies decide on allotment of resources, policy implementations, and other administrative matters for the public good.