Multiple Choice
Phil Rupp, has a sister Ethel who has the utility function U(x, y) =min{3x + y, 4y}.Where x is measured on the horizontal axis and y on the vertical axis, her indifference curves consist of a
A) positively sloped line segment and a negatively sloped line segment that meet along the line x = y.
B) vertical line segment and a horizontal line segment that meet in a kink along the line y =3x.
C) horizontal line segment and a negatively sloped line segment that meet in a kink along the line x = y.
D) vertical line segment and a horizontal line segment that meet in a kink along the line x =3y.
E) horizontal line segment and a positively sloped line segment that meet in a kink along the line x = 3y.
Correct Answer:

Verified
Correct Answer:
Verified
Q8: Charlie's utility function is U(A, B)= AB,
Q9: Joe Bob has a cousin Don who
Q10: Charlie has the utility function U(x<sub>A</sub>, x<sub>B</sub>)=x<sub>A</sub>x<sub>B</sub>.His
Q11: Harry Mazzola has the utility function U(x<sub>1</sub>,
Q12: Phil Rupp, has a sister Ethel who
Q14: Harry Mazzola has the utility function U(x<sub>1</sub>,
Q15: Charlie has the utility function U(x<sub>A</sub>, x<sub>B</sub>)=x<sub>A</sub>x<sub>B</sub>.His
Q16: Harry Mazzola has the utility function U(x<sub>1</sub>,
Q17: Phil Rupp,has a sister Ethel who has
Q18: Charlie's utility function is U(A, B)= AB,