Why indifference curve is convex to origin?
Cardinal Utility Approach | Microeconomics
Management Notes
Ans) Indifference curve is convex to origin because of diminishing marginal rate of substitution between two goods. The rate of substitution goes on diminishing as we move downward to the right.
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MBA,BBA.
I am Smirti Bam, an enthusiastic edu blogger with a passion for sharing insights into the dynamic world of business and management through this website.
I hold a MBA degree from Presidential Business School, Kathmandu, and a BBA degree with a specialization in Finance from Apex College,
MBA,BBA.
I am Smirti Bam, an enthusiastic edu blogger with a passion for sharing insights into the dynamic world of business and management through this website.
I hold a MBA degree from Presidential Business School, Kathmandu, and a BBA degree with a specialization in Finance from Apex College,
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