Oswald Odd Consumes Only Goods 1 and 2

question 36

Multiple Choice

Oswald Odd consumes only goods 1 and 2. His utility function is U(x₁, x₂) = x₁ + x₂ + min{x₁, x₂}. Each of Oswald's indifference curves is

• A) L-shaped.
• B) made up of three line segments with slopes -2, -1, and -.
• C) made up of two line segments with slopes -2 and -.
• D) is smooth and has no kinks.
• E) is a diamond-shaped figure consisting of four line segments.

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