Question: Consider the following utility function: u(x1, x2) = min{3x1 + x2, x1 + 3x2}. Draw a representative indifference curve for the preference relation described above
Consider the following utility function: u(x1, x2) = min{3x1 + x2, x1 + 3x2}.
Draw a representative indifference curve for the preference relation described above and find the Marshallian demand function
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