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Question Practice

What does it mean if an indifference curve is convex to the origin?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Theory Of Consumer Behaviour
Question Bank

What does it mean if an indiff...

Single Answer MCQ
Q-00089337

What does it mean if an indifference curve is convex to the origin?

1

The goods are perfect complements

2

The consumer prefers to balance consumption between the goods

3

The consumer does not prioritize one good over the other

4

The consumer's marginal rate of substitution decreases

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Q1.

What does the law of diminishing marginal utility state?

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Q2.

If a consumer prefers more of a good as long as its marginal utility is positive, what will they do?

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Q3.

Which of the following best describes an indifference curve?

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Q4.

What shapes the typically convex shape of an indifference curve?

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