Question: Suppose a consumer views two goods, X and Y, as perfect complements. Her utility function is given by U = MIN [2X, Y]. Sketch the
Suppose a consumer views two goods, X and Y, as perfect complements. Her
utility function is given by U = MIN [2X, Y]. Sketch the graph of the consumers indifference
curve that goes through the bundle X = 5 and Y = 4. Put the amount of Y on the vertical axis,
and the amount of X on the horizontal axis. Which of the three assumptions that we made about
consumer preferences is violated in this case?
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