Marsha Mellow Is Very Flexible

question 6

Multiple Choice

Marsha Mellow is very flexible.She consumes x and y.She says, "Give me x or give me y, I don't care.I can't tell the difference between them." She is currently endowed with 14 units of x and 3 units of y.The price of x is 3 times the price of y.Marsha can trade x and y at the going prices but has no other source of income.How many units of y will Marsha consume?

• A)48
• B)17
• C)45
• D)3
• E)23

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Definitions:

Par Value

The stated value of a bond, stock share, or coupon as declared by the issuer.

Stockholders' Equity

The residual interest in the assets of an entity that remains after deducting its liabilities, representing ownership interest in a company.

Dividends

Payments made by a corporation to its shareholder members, often derived from the company's profits.

Corporate Income

The total revenue of a corporation minus operating expenses, taxes, and interest.