Answer the Question on the Basis of the Following Marginal

question 50

Multiple Choice

Answer the question on the basis of the following marginal utility data for products X and Y.Assume that the prices of X and Y are $4 and $2 respectively and that the consumer's income is $18. $\begin{array}{c}\begin{array}{c}\text {Units}\\\underline{\text {of X }}\\1\\2\\3\\4\\5\\6\end{array}\begin{array}{c}\text {Marginal}\\\underline{\text {Utility, X}}\\20\\16\\12\\8\\6\\4\end{array}\begin{array}{c}\text {Units}\\\underline{\text {of Y }}\\1\\2\\3\\4\\5\\6\end{array}\begin{array}{c}\text {Marginal}\\\underline{\text {Utility, Y}}\\16\\14\\12\\10\\8\\6\end{array}\end{array}$
Refer to the data.If the price of X decreases to $2,then the utility-maximizing combination of the two products is:

• A) 2 of X and 5 of Y.
• B) 4 of X and 6 of Y.
• C) 6 of X and 3 of Y.
• D) 4 of X and 5 of Y.

Recognize the role of employees in a lean manufacturing environment.

Understand how lean manufacturing principles aim to eliminate waste and improve efficiency.

Identify and categorize costs within a schedule of activity costs.

Differentiate between value-added and non-value-added activities.

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Definitions:

Wireless Technologies

Technologies allowing the transmission of data and communication between devices without physical connections.

Visibility into Shipments

The ability to track and monitor the status of goods as they are transported from origin to destination, enhancing supply chain transparency.

Alignment

The arrangement or adjustment of elements in a straight line or correct positions, ensuring consistency and coordination towards shared goals.