CA Foundation Exam  >  CA Foundation Questions  >  Convex indifferent curve is explained bya)inc... Start Learning for Free
Convex indifferent curve is explained by
  • a)
    increasing MRS
  • b)
    diminishing MRS
  • c)
    constant MRS
  • d)
    None of these
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Convex indifferent curve is explained bya)increasing MRSb)diminishing ...
Convexity means slope is decreasing as the marginal rate of substitution goes on diminishing.
View all questions of this test
Most Upvoted Answer
Convex indifferent curve is explained bya)increasing MRSb)diminishing ...
MRS diminishes when IC is convex
MRS increases when IC is concave
MRS straight line when IC is constant
Free Test
Community Answer
Convex indifferent curve is explained bya)increasing MRSb)diminishing ...
Most indifference curves are usually convex because as you consume more of one good you will consume less of the other. So, MRS will decrease as one moves down the indifference curve. This is known as the law of diminishing marginal rate of substitution
Explore Courses for CA Foundation exam
Convex indifferent curve is explained bya)increasing MRSb)diminishing MRSc)constant MRSd)None of theseCorrect answer is option 'B'. Can you explain this answer?
Question Description
Convex indifferent curve is explained bya)increasing MRSb)diminishing MRSc)constant MRSd)None of theseCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Convex indifferent curve is explained bya)increasing MRSb)diminishing MRSc)constant MRSd)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Convex indifferent curve is explained bya)increasing MRSb)diminishing MRSc)constant MRSd)None of theseCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Convex indifferent curve is explained bya)increasing MRSb)diminishing MRSc)constant MRSd)None of theseCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Convex indifferent curve is explained bya)increasing MRSb)diminishing MRSc)constant MRSd)None of theseCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Convex indifferent curve is explained bya)increasing MRSb)diminishing MRSc)constant MRSd)None of theseCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Convex indifferent curve is explained bya)increasing MRSb)diminishing MRSc)constant MRSd)None of theseCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Convex indifferent curve is explained bya)increasing MRSb)diminishing MRSc)constant MRSd)None of theseCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Convex indifferent curve is explained bya)increasing MRSb)diminishing MRSc)constant MRSd)None of theseCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev