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Author Question: Normally shaped indifference curves are bowed towards the origin of the graph. The reason for this shape is (Read 256 times)

kfurse

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on: May 24, 2019
Normally shaped indifference curves are bowed towards the origin of the graph. The reason for this shape is
◦ that indifference curves farther away from the origin represent higher levels of utility.
◦ diminishing marginal rate of substitution.
◦ the law of demand.
◦ that the marginal rate of substitution is constant along an indifference curve.
◦ the principle of diminishing marginal rate of relative price.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by kfurse on May 24, 2019

chinwesucks

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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kfurse

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Reply #2 on: May 24, 2019
TY


chinwesucks

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Reply #3 on: May 24, 2019
You're welcome


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