Ejercicio Test 3 - f · Microeconomía I UPF 2019

f. Valerie's utility is $U(x, y) = \min\{3x, 12y\}$. The price of $x$ is 6€ and the price of $y$ is 12€. Plotting $x$ on the horizontal axis and $y$ on the vertical axis, Valerie's income offer curve is:

Solución: (c) A ray from the origin with slope 1/4.