Ambrose has indifference curves with the equation x2 = constant 4x^1/2, 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 (16, 17)?

Liwei consumes X₁ and x2 together in fixed proportions. She always consumes 2 units of X₁ for 1 unit x₂. One utility function that describes her preferences is: u(x1, x2) = 2x1 + x2. u(x1, x2) = min{2x1, x₂}. O u(x₁, x₂) = min{x₁/2, x₂}. u(x1, x2) = 2x1 + 4x2. O u(x1, x2) = 2x1x2.

Charlie has the utility function U(xA, xB) = xAxB. His indifference curve passing through 35 apples and 18 bananas will also pass through the point where he consumes 5 apples and Select one

Laura's preferences over commodities X₁ and x₂ can be represented by U(x₁,x2)=min{3x₁, x₂}. She maximizes her utility subject to her budget constraint. Suppose there is an increase in p1. There are both income and substitution effects of this price change. There is an income effect but not a substitution effect of this price change. There is a substitution effect but not an income effect of this price change. It is unclear whether the consumer will buy more or less x1 as a result of the increase in p1.