Sam has a utility function uxymin4xy5y where x is measured


Sam has a utility function U(x,y)=min{4x+y,5y} where x is measured on the horizontal axis and y on the vertical axis. On a clearly labeled graph, draw Sam’s indifference curves for U(x,y)=5 and U(x,y)=10. Explain carefully every steps of your draw.

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Business Economics: Sam has a utility function uxymin4xy5y where x is measured
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