Ambrose has indifference curves with the equation x₂ = constant

Question

Ambrose has indifference curves with the equation x₂ = constant - , 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 (9, 5)? A) -0.67 B) -8 C) -9/5 D) -5/9 E) -3

Quizplus · Accepted Answer

The Answer of Ambrose has indifference curves with the equation x₂ = constant - , 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 (9, 5)? A) -0.67 B) -8 C) -9/5 D) -5/9 E) -3

Ambrose Has Indifference Curves with the Equation X2 = Constant