Suppose That the Marginal Utility of Good Y = 2X²

question 93

Multiple Choice

Suppose that the marginal utility of good Y = 2X² and the marginal utility of good X = 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.

• A) 7
• B) 0.143
• C) -14
• D) -0.143

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Definitions:

Ad Hominem

An argument or reaction directed against a person rather than addressing the person's arguments or contentions.

Gold

A chemical element with the symbol Au (from Latin: aurum) and atomic number 79, valued for its properties as a precious metal, conductor, and component in jewelry and electronics.

Notorious Liar

A person who is widely known for their persistent dishonesty or deception.

Argument

A set of statements where one or more premises are used to provide support for a conclusion.