Millie's Utility Function Is U(x, Y)=min{x, Y}

question 34

True/False

Millie's utility function is U(x, y)=min{x, y}.She maximizes her utility subject to a budget constraint.The price of x is the same as the price of y.If the price of x rises and the price of y and her income remain constant, then her consumption of y will certainly decrease.

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