Multiple Choice
Phil Rupp, has a sister Ethel who has the utility function U(x, y) =min{4x + y, 5y}.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 y = 4x.
B) vertical line segment and a horizontal line segment that meet in a kink along the line x = 4y.
C) horizontal line segment and a negatively sloped line segment that meet in a kink along the line x = y.
D) positively sloped line segment and a negatively sloped line segment that meet along the line x = y.
E) horizontal line segment and a positively sloped line segment that meet in a kink along the line x = 4y.
Correct Answer:

Verified
Correct Answer:
Verified
Q20: Joe Bob has a cousin Pete who
Q21: Charlie's utility function is U(A, B)= AB,
Q22: Joe Bob has a cousin Sam
Q23: Ambrose has the utility function U(x<sub>1</sub>, x<sub>2</sub>)=4x<sup>1/2</sup><sub>1</sub>
Q24: Charlie's utility function is U(A, B)= AB,
Q25: Phil Rupp,has a sister Ethel who has
Q26: Ambrose has the utility function U(x<sub>1</sub>,
Q27: Harry Mazzola has the utility function U(x<sub>1</sub>,
Q28: Joe Bob has a cousin Ike who
Q29: Ambrose has the utility function U(x<sub>1</sub>, x<sub>2</sub>)=4x<sup>1/2</sup><sub>1</sub>