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Economics Homework Final Answers - Student Three (view source)
Revision as of 01:59, February 19, 2010
, 01:59, February 19, 2010The curve has a ''negative'' slope, because an increase in y means a decrease in x.
Ok, the first one (#32) makes sense, now. However, I'm still a little shaky on the hamburger/chicken problem...I don't understand why the slope is '''negative''' 0.5.
Ok, the first one (#32) makes sense, now. However, I'm still a little shaky on the hamburger/chicken problem...I don't understand why the slope is '''negative''' 0.5.
: The indifference curves for the utilities of hamburger and chicken are found by graphing hamburger on the y-axis and chicken on the x-axis. The curve has a ''negative'' slope, because an increase in y means a decrease in x. (Slope is the change in y over the change in x).--[[User:Aschlafly|Andy Schlafly]] 20:59, 18 February 2010 (EST)