(Answered) If angelinas utility function is given by ux y min2x 4y

Management Studies

If Angelina's utility function is given by U(x, y) = min{2x, 4y} and she is considering the two consumption bundles A = (x = 100, y = 25) and B = (x = 50, y = 50), then we can say that the consumer ( Please give the explanation for answer)

(a) is indifferent between A and B

(b) prefers A relative to B

(d) can't compare A and B because preferences are not complete

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