Economics · Consumer Behavior

Why are indifference curves convex to the origin?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Constant marginal utility
2Constant marginal rate of substitution
3Increasing marginal rate of substitution
4Diminishing marginal rate of substitution✓

Correct answer

Diminishing marginal rate of substitution

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Why are indifference curves convex to the origin?

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