Charlie's utility function is U(A, B) = AB, where A and B are the numbers of apples and bananas, respectively, that he consumes. When Charlie is consuming 15 apples and 90 bananas, if we put apples on the horizontal axis and bananas on the vertical axis, the slope of his indifference curve at his current consumption is
A) 215
B) -6.
C) -12.
D) -1/6.
E) -1/12.
Correct Answer:
Verified
Q42: Phil Rupp's sister Ethel has the utility
Q43: Jim's utility function is U(x, y) =
Q44: Ambrose has the utility function
Q45: Joe Bob's cousin Leonard consumes goods 1
Q46: Use separate graphs to draw indifference curves
Q48: Joe Bob's cousin Peter consumes goods 1
Q49: Ambrose has the utility function
Q50: Charlie has the utility function U(xA, xB)
Q51: Victor Finick likes to have the same
Q52: Phil Rupp's sister Ethel has the utility
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents