Use the Following to Answer Question

question 58

Multiple Choice

Use the following to answer question:
-(Table: Consumer Equilibrium) Use Table: Consumer Equilibrium.Assume that the price of both goods is $1 per unit,that you consume four units of good X and two units of good Y,and that you are spending all of your income.To maximize utility,assuming that the goods are divisible,you would consume _____ of X and _____ of Y.

• A)less;more
• B)more;more
• C)less;less
• D)more;less

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Definitions:

Diversify

A risk management strategy that mixes a wide variety of investments within a portfolio to minimize the impact of any single investment's poor performance.

Commercial Banks

Financial institutions that accept deposits, offer various loans, and provide other financial services to businesses and individuals.

Financial Asset(s)

Instruments such as stocks, bonds, or bank deposits that hold monetary value and can be traded in financial markets.

Corporate Shareholders

Individuals or entities that own shares in a corporation, giving them a claim on a portion of its assets and earnings.