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When MRS is constant, the slope of the indifference curve is:
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When MRS is constant, the slope of the indifference curve is: Related:...
If the MRS is constant throughout all points on indifference curve then it will be depicted as a downward sloping straight line. The downward slope of indifference curve will depict that, to increase consumption of one good, consumer has to decrease consumption of other good.
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When MRS is constant, the slope of the indifference curve is: Related:...
When MRS is constant then the slope of IC would also be constant or that it would be a downward sloping steaight line.
This is so because slope of IC is indicated by MRS...
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When MRS is constant, the slope of the indifference curve is: Related: Chapter - INDIFFERENCE CURVE - Chapter Notes, Micro Economics, Class 12?
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