Jean-Pierre Has Preferences Represented by the Utility Function U(x, Y)

question 1

Multiple Choice

Jean-Pierre has preferences represented by the utility function U(x, y) = min{ 2x + y, x + 6y}. If x is on the horizontal axis and y is on the vertical axis, what is the slope of his indifference curve at the point (7, 7) ?

• A) -1/2
• B) -6/2
• C) -1/6
• D) -2
• E) -7/7

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