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Use the following to answer questions: Use the following to answer questions:   -(Table: Consumer Equilibrium)  Look again at the table Consumer Equilibrium. Assume that the price of good X is $1 per unit and the price of good Y is $2 per unit and you consume 4 units of good X and 2 units of good Y, and you are spending all of your income. To maximize utility, assuming that the goods are divisible, you would consume _____ of X and _____ of Y. A)  less; less B)  more; more C)  less; more D)  more; less
-(Table: Consumer Equilibrium) Look again at the table Consumer Equilibrium. Assume that the price of good X is $1 per unit and the price of good Y is $2 per unit and you consume 4 units of good X and 2 units of good Y, and you are spending all of your income. To maximize utility, assuming that the goods are divisible, you would consume _____ of X and _____ of Y.


Definitions:

Plastic Toys

Manufactured playthings made from various types of plastic material, popular among children for their durability and vivid designs.

Human Resource Functions

The various activities and responsibilities that HR departments undertake to manage an organization's workforce effectively.

Outsourcing

The practice of hiring third parties to perform services or create goods that were traditionally performed in-house, often to reduce costs or access specialized skills.

Competitors

Other businesses or individuals offering similar products or services in the same market, engaging in a rivalry to gain greater revenue, market share, or recognition.

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