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Why is the indifference curve convex to the origin?

+2 votes

asked Jul 11, 2018 in Class 12 by kratos

Why is the indifference curve convex to the origin?

consumers equilibrium and demand
class-11
consumers equilibrium
consumption analysis
class-12

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1 Answer

+2 votes

answered Dec 18, 2020 by kratos

Best answer

Indifference curve is convex to the origin due to diminishing MRS.

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