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It is proven mathematically that indifference curves are convex due to: (a) rising marginal rates of substitution. (b) the inverse association between the quantity demanded
It is proven mathematically that indifference curves are convex due to: (a) rising marginal rates of substitution. (b) the inverse association between the quantity demanded and the price. (c) costs decreasing in value. (d) the marginal rates of substitution being negative
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