Question
Ambrose has indifference curves with the equation x 2 = constant4x 1 1/2 , where larger constants correspond to higher indifference curves. If good 1
Ambrose has indifference curves with the equation x 2 = constant−4x 1 1/2 , where larger constants correspond to higher indifference curves. If good 1 is drawn on the horizontal axis and good 2 on the vertical axis, what is the slope of Ambrose's indifference curve when his consumption bundle is (1,6)? Why does -2 become the correct answer?
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Vector Mechanics for Engineers Statics and Dynamics
Authors: Ferdinand Beer, E. Russell Johnston, Jr., Elliot Eisenberg, William Clausen, David Mazurek, Phillip Cornwell
8th Edition
73212229, 978-0073212227
