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Tim Has Preferences Represented by the Utility Function U(x, Y)=

Question 2

Multiple Choice

Tim has preferences represented by the utility function U(x, y) = min{6x + y, x + 2y}.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 (8,9) ?


A) -6
B) -2/6
C) -1/2
D) -1/6
E) -8/9

Correct Answer:

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