Explain why indifference curves: (a) Are downward-sloping (b) Are convex to the origin (c) Do not cross.
Question:
Explain why indifference curves:
(a) Are downward-sloping
(b) Are convex to the origin
(c) Do not cross.
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A The indifference curve is sloping downwards from left to right negatively sloped because to obtain ...View the full answer
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