Question

Indifference curves are convex to the origin because of ______.

विकल्प

• Increasing MRS

• Diminishing MRS

• Law of Diminishing Marginal Utility

• Law of Equi-Marginal Utility

Answer 1

Indifference curves are convex to the origin because of Diminishing MRS.

Explanation:

As more of one good is consumed, the consumer gives up fewer units of the other good for each additional unit. This diminishing MRS makes the indifference curve convex to the origin.