Problem: Implicit differentiation of indifference curve
Problem
U(x,y)=4xy . Find the slope of the indifference curve for x=2 and U=32 using implicit differentiation. Check by solving for y and differentiating.
Solution
Problem
U(x,y)=4xy . Find the slope of the indifference curve for x=2 and U=32 using implicit differentiation. Check by solving for y and differentiating.
Solution