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Question
Which of these is not true about the shape of the indifference curve?
Options
concave to the origin
convex to the origin
negatively sloping
straight line
MCQ
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Solution
Concave to the origin.
Explanation:
Under the usual assumption of diminishing MRS, an indifference curve is negatively sloped and convex to the origin. A straight line can occur in the special case of constant MRS.
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