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 (16, 17)? A) -16/17 B) -17/16 C) -0.50 D) -21 E) -4

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 (16, 17)? A) -16/17 B) -17/16 C) -0.50 D) -21 E) -4

Ambrose Has Indifference Curves with the Equation X2 = Constant