Question: 4. (16 points) Suppose a consumer has preferences represented by the utility function U(X,Y) = MIN[2X,Y]. Suppose PX = 1 and PY = 4. Sketch
4. (16 points) Suppose a consumer has preferences represented by the utility function U(X,Y) = MIN[2X,Y]. Suppose PX = 1 and PY = 4. Sketch the graph of the consumer's Engel Curve for good X.
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