Question

At equilibrium,the slope of the indifference curve is​

Answer 1

Answer:

Or, as we say, indifference curves are concave outward, or convex with respect to the origin. The slope of the indifference curve is called the marginal rate of substitution , which declines as the quantity of X increases relative to the quantity of Y.

Answer 2

Answer:

The slope of the indifference curve is called the marginal rate of substitution , which declines as the quantity of X increases relative to the quantity of Y.

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