msshay1985
Answered

Welcome to Westonci.ca, where curiosity meets expertise. Ask any question and receive fast, accurate answers from our knowledgeable community. Get quick and reliable solutions to your questions from a community of experienced experts on our platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

what is the answer
Why is the slope of an indifference curve bowed inward to the origin?

Sagot :

Answer:

Indifference curves have a roughly similar shape in two ways:

Explanation:

1) they are downward sloping from left to right; 2) they are convex with respect to the origin. The downward slope of the indifference curve means that Lilly must trade off less of one good to get more of the other, while holding utility constant.

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.