Economy, asked by sahii7266, 11 months ago

explain why an indifference curve is convex to the origin

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Answered by Pramodkumarhani
11

They are convex to the origin. As the consumer substitutes commodity X for commodity Y, the marginal rate of substitution diminishes as X for Y along an indifference curve. ... It is convex to the origin. If the indifference curve is concave, MRSxy increases.

Answered by sharwari05
5

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