if you have the utility function uxy min3x y 4y


If you have the utility function U(x,y) = min{3x + y, 4y}. Where x is measured on the horizontal axis and y is on the vertical axis. How would you figure out what the indifference curve consists of?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: if you have the utility function uxy min3x y 4y
Reference No:- TGS0498672

Expected delivery within 24 Hours