Use the Following to Answer Question

question 26

Multiple Choice

Use the following to answer question:
-(Table: Consumer Equilibrium) Use Table: Consumer Equilibrium.Assume that the price of good X is $5 per unit,that the price of good Y is $1 per unit,and that you have $10 to spend on both goods.To maximize utility,you would consume _____ unit(s) of X and _____ unit(s) of Y.

• A)0;1
• B)1;5
• C)4;6
• D)5;5

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Definitions:

Total Investment

The sum of all financial resources allocated towards a particular investment, project, or portfolio.

Price of Capital

The cost of using capital to produce goods or services, often represented by the interest rate on borrowed funds or the opportunity cost of using one's own funds.

Future Profits

Expected earnings or gains in the future, often incorporating risk and uncertainty predictions.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual rate.