Indifference curves are bowed inward toward the origin because of the law of diminishing marginal utility.

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Indifference curves are typically bowed inward toward the origin due to the law of diminishing marginal utility, which states that as a person consumes more of a good, the additional satisfaction (marginal utility) gained from consuming an additional unit of that good decreases, leading to a consumer being willing to give up less of one good to get more of another, hence the inward bow shape.

Indifference Curves Are Bowed Inward Toward the Origin Because of the Law