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Lopezj273 Lopezj273
wrote...
Posts: 447
5 years ago
What happens to the absolute value of the marginal rate of substitution as you move down a convex (bowed toward the origin) indifference curve?

• It increases.

• It decreases.

• It remains constant.

• It could increase or decrease.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
Read 45 times
2 Replies

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Replies
wrote...
5 years ago
It decreases.
Lopezj273 Author
wrote...
5 years ago
You make an excellent tutor!
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