Diminishing marginal rate of substitution can be seen when indifference curves
A) cross.
B) are convex.
C) are downward sloping.
D) become flatter as we move down and to the right.

Question

Quizplus · Accepted Answer

The diminishing marginal rate of substitution is represented by indifference curves that become flatter as we move down and to the right, indicating that a consumer is willing to give up less of one good to obtain more of another good as they have more of it.

Diminishing Marginal Rate of Substitution Can Be Seen When Indifference