Use the following for questions 61-69.
-(Exhibit: Consumer Equilibrium 1) Assume that the price of good X is $5 per unit, the price of good Y is $1 per unit, and you have $10 of income to spend on both goods.To maximize utility, you would consume _______ units of X and _______ units of Y.
Definitions:
Quality
The degree to which a set of inherent characteristics fulfills requirements or expectations.
Philip Crosby
An influential figure in the quality management field known for his work on improving organizational quality.
Conformance
The act of matching or complying with certain standards, rules, or norms, often to meet requirements or maintain quality and consistency.
Service Characteristics
Service Characteristics are features that differentiate services from goods, including intangibility, inseparability, variability, and perishability.
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