Phil Rupp,has a Sister Ethel Who Has the Utility Function

question 25

Multiple Choice

Phil Rupp,has a sister Ethel who has the utility function U(x, y) =min{2x + y, 3y}.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 x = 2y.
• 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 y =2x.
• E)horizontal line segment and a positively sloped line segment that meet in a kink along the line x = 2y.

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