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