Multiple Choice
Measuring "y" on the vertical axis and "x" on the horizontal axis,convexity of indifference curves imply that the magnitude of MRS of "y" for "x"
A) is decreasing as "x" increases.
B) is increasing as "x" increases.
C) is constant as "x" increases.
D) cannot be calculated for large levels of "x".
Correct Answer:
Verified
Correct Answer:
Verified
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