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

Question

Quizplus · Accepted Answer

Diminishing marginal rate of substitution is illustrated by indifference curves that become flatter as we move down and to the right, indicating that a consumer is willing to give up fewer units of one good to obtain one more unit of another good, reflecting decreasing additional satisfaction.

Diminishing Marginal Rate of Substitution Can Be Seen When Indifference