Use the Following to Answer Questions

question 22

Multiple Choice

Use the following to answer questions :
Table 5-1
-Refer to Table 5-1.Suppose X costs $8 per unit and Y costs $5 per unit.What quantities of X and Y will the consumer buy if she has $31 to spend?

• A)X = 3, Y = 4
• B)X = 4, Y = 5
• C)X = 2, Y = 3
• D)X = 1, Y = 2
• E)None of the above

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Definitions:

Degrees Of Freedom

The number of independent values or quantities which can vary in the analysis of statistical parameters.

Independent Samples

Samples selected from the same or different populations, but without any matching or pairing on characteristics.

Registered Democrats

People who are officially enrolled as Democratic Party members with voting rights in the United States.

Registered Republicans

Individuals officially registered to vote as members of the Republican Party in the United States.