Economy, asked by SkBiswas, 11 months ago

prove that two indifference curves is convex to the origin

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Answered by vijay9039

Indifference Curves are Convex to the Origin: This is an important property of indifference curves. 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

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