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    Microeconomics Study Set 16
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    Exam 3: Consumer Preferences and the Concept of Utility
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    Consider the Utility Function U = Min (5x, 7y)
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Consider the Utility Function U = Min (5x, 7y)

Question 57

Question 57

Multiple Choice

Consider the utility function U = min (5x, 7y) . The indifference curves for this utility function will be


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

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