In Problem 2, Ambrose Has Indifference Curves with the Equation

question 4

Multiple Choice

In Problem 2, Ambrose has indifference curves with the equation , 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 (1, 11) ?

• A) -0.51
• B)-16/11
• C) -12
• D) -2
• E) -1