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Suppose That a Consumer Has the Utility Function U = AA

Question 15

Multiple Choice

Suppose that a consumer has the utility function U = 5A + 7B. If AA is measured on the horizontal axis


A) The indifference curves will be L-shaped.
B) The indifference curves will be horizontal.
C) The indifference curves will be straight lines with slope -5/7.
D) The indifference curves will be straight lines with slope -7/5.

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