Can someone help me plot the indifference curve for the following utility function when U = 1

U(x,y) = 0.5(x+y) + 0.5min{x,y}

How does this equation simplify when U = 1?

I'm trying to determine if preferences are convex.

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- Jan 24th 2010, 05:23 PMmessianicSimple Utility Function Question
Can someone help me plot the indifference curve for the following utility function when U = 1

U(x,y) = 0.5(x+y) + 0.5min{x,y}

How does this equation simplify when U = 1?

I'm trying to determine if preferences are convex.