Question

In which case indifference curve concave to the origin?​

Answer 1

Answer:

Corner Equilibrium and Concave Indifference Curves:

Thus, indifference curves are convex to the origin when principle of diminishing marginal rate of substitution holds good and which is generally the case.

Answer 2

Explanation:

Corner Equilibrium and Concave Indifference Curves:

Thus, indifference curves are convex to the origin when principle of diminishing marginal rate of substitution holds good and which is generally the case.