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Oswald Odd Consumes Only Goods 1 and 2

Question 41

Multiple Choice

Oswald Odd consumes only goods 1 and 2.His utility function is U(x1, x2) =x1 + x2 + min{x1, x2}.Each of Oswald's indifference curves is


A) L-shaped.
B) made up of three line segments with slopes -2, -1, and -1/2.
C) made up of two line segments with slopes -2 and -1/2.
D) is smooth and has no kinks.
E) is a diamond-shaped figure consisting of four line segments.

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