In Problem 2, Ambrose has indifference curves with the equation , 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) -1/11
B)-11/1
C) -36/11
D) -14
E) -4

Question

In Problem 2, Ambrose has indifference curves with the equation  , 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) -1/11 
B)-11/1 
C) -36/11 
D) -14 
E) -4

Quizplus · Accepted Answer

The Answer of In Problem 2, Ambrose has indifference curves with the equation  , 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) -1/11 
B)-11/1 
C) -36/11 
D) -14 
E) -4

In Problem 2, Ambrose Has Indifference Curves with the Equation