Suppose That a Consumer Purchases a Combination of X and Y

question 47

Multiple Choice

Suppose that a consumer purchases a combination of X and Y such that MU_X/P_X = 15 utils per dollar and MU_Y /P_Y = 10 utils per dollar. To maximize utility, the consumer should buy

• A)less of X and more of Y.
• B)more of X and less of Y.
• C)more of both X and Y.
• D)less of both X and Y.
• E)neither X nor Y.

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Definitions:

Payroll Bank Account

A dedicated bank account used by businesses to manage and process employee payrolls, ensuring funds are available for direct deposits and payroll checks.

Reconciliation Functions

The process of ensuring that two sets of records or accounts are in agreement, often used in accounting to match bank statements with ledgers.

Federal Unemployment Compensation Taxes

Taxes paid by employers to fund the federal unemployment benefits and administrative costs of state unemployment insurance programs.

Unemployed

A term describing individuals who are capable of working and seeking employment but cannot find a job.