What is the slope of ambrose

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Reference no: EM132145484

Ambrose has indifference curves with the equation x2 = k - 4(x^0.5) ...

Where the larger "k" is, the higher the indifference curve.

If good 1 is drawn on the horizontal axis, and good 2 on the vertical...

What is the SLOPE of Ambrose's indifference curve when his consumption bundle is (1,11)?

a) -1/11

b) -11/1

c) -12

d) -2

e) -1

It would be of great help if you could show your work and explain how you arrived at your answer.

The answer I was given was d, -2.

Reference no: EM132145484

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