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

User Kimpettersen
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1 Answer

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20 votes

Answer:

Indifference curves have a roughly similar shape in two ways:

Step-by-step 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.

User MihanEntalpo
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