Given the Expression $\min ( \mathrm { x } , \mathrm { y } )$

question 50

Multiple Choice

Given the expression $\min ( \mathrm { x } , \mathrm { y } )$ expenditure $P _ { x } x + P _ { y } y$ subject to: $\mathrm { U } ( x , y ) = \mathrm { U } ^ { * }$ , the endogenous variables are:

• A) \(x\) and \(P _ { x }\).
• B) only \(\mathrm { U } ^ { * }\).
• C) \(x\) and \(y\).
• D) \(P _ { x }\) and \(P _ { y }\).

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