Ambrose has indifference curves with the equation x2=constant-4x11/2, where larger constants correspond to higher indifference curves....
Ambrose has indifference curves with the equation x2=constant-4x11/2, 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 (16,10)
a.-0.50
b.-16/10
c.-10/16
d.-14
e.-4
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Ambrose has indifference curves with the equation
x2=constant-4x11/2, where larger
constants correspond to higher indifference curves....
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