Economy, asked by akhilaajesh09, 1 month ago

the reason behind the convex shape of indifference curve is the law of equi marginal utility true or false, if false give reason​

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Answered by 5300ht17
0

Answer:

Indifference curve is convex to the origin in case of two normal goods and is not convex in case of inferior goods. This is because MRS tends to diminish. And, MRS must diminish in accordance with the law of diminishing marginal utility.

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