Question
Colin has indifference curves with the equation x 2 = constant - 4x^1/2 , where larger constants correspond to higher indifference curves. If good 1
Colin has indifference curves with the equation x2 = constant - 4x^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 Colin's indifference curve when his consumption bundle is (16, 21)?
a. -16/17
b. -17/16
c. -0.50
d. -4
e. -21
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
9th Edition
978-0132146654, 0132146657, 9780273754091, 978-0273754206
