Multiple Choice
Emily's utility function is U(x, y) = 3min{x, y} + y.If we draw her indifference curves with x on the horizontal axis and y on the vertical axis, these indifference curves are
A) made up of two line segments that meet where x = 4y.One of these line segments is vertical and the other has slope -1.
B) L-shaped with kinks where x =4y.
C) L-shaped with kinks where x = y.
D) made up of two line segments that meet where x = y.One of these line segments is horizontal and the other has slope -3.
E) V-shaped with kinks where x = 3y.
Correct Answer:

Verified
Correct Answer:
Verified
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