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Question 1 Suppose that a. consumer's utility function is u(a:,y) = mn[x,y], where any 2 0 and mn[a:,y] denotes the minimum of the two numbers
Question 1 Suppose that a. consumer's utility function is u(a:,y) = mn[x,y], where any 2 0 and mn[a:,y] denotes the minimum of the two numbers :3 and 3;. Then, the consumer's indif- ference curves are (A) downward-sloping straight lines (B) strictly convex (C) \"L\" shaped
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