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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1192826
Introduction to Economics 1 Deneme Sınavı Sorusu #1192826
Which of the following refers to the situation when the slope of a negatively sloped convex indifference curves increases (becomes less negative) as we move down along the curve?
Which of the following refers to the situation when the slope of a negatively sloped convex indifference curves increases (becomes less negative) as we move down along the curve?
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Diminishing marginal rate of substitution. |
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Utility-Maximizing Rule. |
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Completeness of preferences. |
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The law of diminishing marginal utility. |
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Indifference curves are bounded. |
Yanıt Açıklaması:
A diminishing marginal rate of substitution is exhibited when indifference curves are convex, and the slope of the indifference curve increases (becomes less negative) as we move down along the curve.
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