Question: The consumers utility function is given by U(X,Y) = MIN(X, 4Y), and the given bundle is X = 5 and Y = 1. How to
The consumers utility function is given by U(X,Y) = MIN(X, 4Y), and the given bundle is X = 5 and Y = 1. How to draw a graph of this bundle and draw the indifference curve that goes through it?
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