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Consider the Utility Function U=min⁡(5x,7y)\mathrm { U } = \min ( 5 \mathrm { x } , 7 \mathrm { y } )

Question 69

Multiple Choice

Consider the utility function U=min⁡(5x,7y) \mathrm { U } = \min ( 5 \mathrm { x } , 7 \mathrm { y } ) .The indifference curves for this utility function will be:


A) vertical
B) horizontal
C) upward sloping
D) L-shaped

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