A Person with the Utility Function U(xs1u1b11s1u1b0, Xs1u1b12s1u1b0) = Min{xs1u1b11s1u1b0

Question 17
True False

A person with the utility function U(x1, x2) = min{x1 + 2x2, 2x1 + x2} has convex but not strictly convex preferences.