Phil Rupp, from Problem 4, Has a Sister Ethel Who

question 28

Multiple Choice

Phil Rupp, from Problem 4, has a sister Ethel who has the utility function U(x, y) = min{ 5x + y, 6y}. Where x is measured on the horizontal axis and y on the vertical axis, her indifference curves consist of a

• A) vertical line segment and a horizontal line segment that meet in a kink along the line y = 5x.
• B) positively sloped line segment and a negatively sloped line segment that meet along the line x = y.
• C) horizontal line segment and a negatively sloped line segment that meet in a kink along the line x = y.
• D) vertical line segment and a horizontal line segment that meet in a kink along the line x = 5y.
• E) horizontal line segment and a positively sloped line segment that meet in a kink along the line x = 5y.

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Definitions:

Constructive Criticism

Feedback provided in a positive way with the intention of helping someone improve, focusing on specific issues rather than personal traits.

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Guidelines used in visual arts and photography that govern the arrangement of elements within a piece to achieve a harmonious and aesthetically pleasing outcome.

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