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Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
The characteristic convexity of indifference curves towards the origin reflects a [...] marginal rate of substitution.
Answer
diminishing

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
The characteristic convexity of indifference curves towards the origin reflects a [...] marginal rate of substitution.
Answer
?

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
The characteristic convexity of indifference curves towards the origin reflects a [...] marginal rate of substitution.
Answer
diminishing
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The characteristic convexity of indifference curves towards the origin reflects a diminishing marginal rate of substitution.

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owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p51

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