Question

Why is an indifference curve generally convex to the origin? Explain with reason

Answer 1

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⚫Indifference curves are convex to the origin because as the consumer begins to increase his or her use of one good over another, the curve represents the marginal rate of substitution. The marginal rate of substitution goes down as the consumer gives up one good for another, so it is convex to the origin.....♥

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