An indifference curve is typically convex to the origin because of:

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Economics · Microeconomics

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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The diminishing marginal rate of substitution

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Answer 1

The homogeneous nature of both goods

Answer 2

The increasing marginal utility of the goods

Answer 3

The diminishing marginal rate of substitution

Answer 4

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