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REY [17]
2 years ago
10

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

Business
1 answer:
natali 33 [55]2 years ago
3 0

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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