Suppose right (R)and left (L)shoes are only useful if produced in equal proportion and societal happiness is expressed as min(R,L).The contour lines would be
A) downward sloping lines
B) upward sloping lines
C) L-shaped
D) backward L-shaped

Question

Quizplus · Accepted Answer

The contour lines would be L-shaped because societal happiness is determined by the minimum of R and L, meaning that any increase in one without a corresponding increase in the other does not increase happiness.

Suppose Right (R)and Left (L)shoes Are Only Useful If Produced