Question

2 economics why mrs diminishes while constructing an indifference curve

Answer 1

Heya....

In economics Marginal substitution rate ( MRS) decline while constructing the Indifference Curve because.....

Due to law of diminishing marginal utility......
A consumer is less willing to sacrifice a good for other one if he have already more of it....

MRS declined. because consumer wants to do less sacrifice and more gain...

Answer 2

Essentially, MRS is the slope of the indifference curve at any single point along the curve. Most indifference curves are usually convex because as you consume more of one good you will consume less of the other. So, MRS will decrease as one moves down the indifference curve.