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Why are indifference curves always convex to the origin?

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प्रश्न

Why are indifference curves always convex to the origin?

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उत्तर

Indifference curves are convex to the origin because the marginal rate of substitution diminishes along the curve.

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पाठ 2: Consumer's Equilibrium - OBJECTIVE QUESTIONS [पृष्ठ २.५५]

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संदीप गर्ग Introductory Microeconomics [English] Class 11
पाठ 2 Consumer's Equilibrium
OBJECTIVE QUESTIONS | Q 20. | पृष्ठ २.५५
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