Indifference curve is always
A)concave to the origin
B)convex to the oringin
C)l shaped
D)a straight line

Name: Indifference curve is always A)concave to the origin B)convex to the oringin C)l shaped D)a straight line
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Question

Quizplus · Accepted Answer

Indifference curves are typically convex to the origin because they reflect the principle of diminishing marginal rate of substitution. This means that as a consumer substitutes one good for another, the amount of the second good needed to maintain the same level of utility increases.

Indifference Curve Is Always