Refer to the information provided in Figure 6.14 below to answer the question(s) that follow. Figure 6.14
-Refer to Figure 6.14. At point A, the slope of the indifference curve is
A) -0.67.
B) -1.5.
C) -3.0.
D) indeterminate because the marginal utilities are unknown.

Question

Refer to the information provided in Figure 6.14 below to answer the question(s) that follow.  Figure 6.14
-Refer to Figure 6.14. At point A, the slope of the indifference curve is
A) -0.67. 
B) -1.5. 
C) -3.0. 
D) indeterminate because the marginal utilities are unknown.

Quizplus · Accepted Answer

The slope of the indifference curve at point A is -0.67. This can be seen by taking the ratio of the change in Y to the change in X along the indifference curve.

Refer to the Information Provided in Figure 6