Ambrose has indifference curves with the equation, x₂= constant-4x, 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)? Oa. -8 ●b. -0.67 O c. -0.55 O d. -1.8 -3 e.

Ambrose has indifference curves with the equation, x₂= constant-4x, 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)? Oa. -8 ●b. -0.67 O c. -0.55 O d. -1.8 -3 e.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter5: Income And Substitution Effects

Section: Chapter Questions

Problem 5.14P

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