Question

Indifference curve are convex to the origin because of ______

पर्याय

• Increasing MRS

• Diminishing MRS

• Law of diminishing MU

• Law of equi-marginal utility

Answer 1

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

Explanation:

In most cases, an Indifference Curve is convex to the origin. Because of the diminishing marginal rate of substitution, this is the case.