Indifference curves are [convex/concave]towards the origin: Convexity results when the magnitude of the slope decreases as we move toward more of Good X and less of GoodY.
Indifference curves are [convex/concave]towards the origin: Convexity results when the magnitude of the slope decreases as we move toward more of Good X and less of GoodY.
Indifference curves are [convex/concave]towards the origin: Convexity results when the magnitude of the slope decreases as we move toward more of Good X and less of GoodY.
Answer
convex
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Open it Indifference curves are convex towards the origin: Convexity results when the magnitude of the slope decreases as we move toward more of Good X and less of GoodY.
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owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p50
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