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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.
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