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Suppose that the marginal utility of good y is 2x2 and the marginal utility of good x is 4xy. what is the slope of the indifference curve when y = 7 and x = 2? assume that good x is on the horizontal axis
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May 7, 2019
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Suppose that the marginal utility of good y is 2x2 and the marginal utility of good x is 4xy. what is the slope of the indifference curve when y = 7 and x = 2? assume that good x is on the horizontal axis and good y is on the vertical axis.
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Magnus Lindhe
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Answer:
-7
Step-by-step explanation:
The slope the indifference curve is given by
GertV
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May 14, 2019
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GertV
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