Question 1
Refer to the information provided in Figure 6.14 below to answer the question(s) that follow.
Refer to Figure 6.14. At point
A, the slope of the indifference curve is
◦ -0.67.
◦ -1.5.
◦ -3.0.
◦ indeterminate because the marginal utilities are unknown.
Question 2
Refer to the information provided in Figure 6.14 below to answer the question(s) that follow.
Refer to Figure 6.14. If the price of an ice cream cone is $2, the price of ice cream sandwiches is
◦ $2.
◦ $3.
◦ $50.
◦ $100.