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Robert's Utility Function Is U(x, Y) = Min{ 4x, 2x

Question 32

Multiple Choice

Robert's utility function is U(x, y) = min{ 4x, 2x + y}. The price of x is $3 and the price of y is $1. Robert's income offer curve is


A) a ray from the origin with a slope of 2.
B) a line parallel to the x axis.
C) a line parallel to the y axis.
D) the same as his Engel curve for x.
E) none of the above.

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