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Suppose a consumers utility function is given by U(X,Y) = MIN(X,2Y). The consumer has the bundle X = 3,Y = 2. Which of the following
Suppose a consumers utility function is given by U(X,Y) = MIN(X,2Y). The consumer has the bundle X = 3,Y = 2. Which of the following bundles is not on the consumers indifference curve that runs through this bundle.
x=4 y=1.5
x= y=2
x=3 y=20
x=3 y =1.5
x=3 y=3
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