-Refer to the Above Table

question 105

Multiple Choice

-Refer to the above table. If the price of Good X is $1, the price of Good Y is $2, and the consumer has $13, the rational consumer will purchase

• A) 3 units of Good X and 4 units of Good Y.
• B) 1 units of Good X and 1 units of Good Y.
• C) 6 units of Good X and 0 units of Good Y.
• D) 5 units of Good X and 4 units of Good Y.

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Definitions:

Emotional Committed

A state of being emotionally invested in a job or organization, demonstrating loyalty, enthusiasm, and a strong sense of identification with one’s work.

Economic Approach

A method or strategy that focuses on the principles of economics to explain how people make choices under conditions of scarcity and the implications of these decisions.

Participative Leadership

A leadership style that involves employees in decision-making processes, fostering a sense of ownership and empowerment among team members.

Top-Down Leadership

A leadership approach where decisions and directives originate from the higher levels of an organization's hierarchy and flow down to the lower levels.