Multiple Choice
Jean-Pierre has preferences represented by the utility function U(x, y) = min{ 2x + y, x + 6y}. If x is on the horizontal axis and y is on the vertical axis, what is the slope of his indifference curve at the point (7, 7) ?
A) -1/2
B) -6/2
C) -1/6
D) -2
E) -7/7
Correct Answer:
Verified
Correct Answer:
Verified
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