Charlie's Utility Function Is U(A, B)= AB, Where a and B

question 38

Multiple Choice

Charlie's utility function is U(A, B) = AB, where A and B are the numbers of apples and bananas, respectively, that he consumes.When Charlie is consuming 15 apples and 90 bananas, if we put apples on the horizontal axis and bananas on the vertical axis, the slope of his indifference curve at his current consumption is

• A)215.
• B)-6.
• C)-12.
• D)-1/6.
• E)-1/12.

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Definitions:

Sales

The total amount of a company's revenues earned from selling goods or services.

Gross Profit

The difference between sales revenue and the cost of goods sold, indicating the efficiency of a company in managing its labor and supplies in the production process.

Sales

Revenue generated from goods or services sold by a company during a specific period.