msshay1985
msshay1985 msshay1985
  • 07-08-2021
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what is the answer
Why is the slope of an indifference curve bowed inward to the origin?

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ramskingdom001 ramskingdom001
  • 07-08-2021

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.

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