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The slope of indifference curve is different at different points of the cruve |
Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :It happens because slope of indifference curve is <a href="https://interviewquestions.tuteehub.com/tag/measured-7257656" style="font-weight:bold;" target="_blank" title="Click to know more about MEASURED">MEASURED</a> by marginal <a href="https://interviewquestions.tuteehub.com/tag/rate-1177476" style="font-weight:bold;" target="_blank" title="Click to know more about RATE">RATE</a> of <a href="https://interviewquestions.tuteehub.com/tag/substitution-1231654" style="font-weight:bold;" target="_blank" title="Click to know more about SUBSTITUTION">SUBSTITUTION</a>, which diminishes along the curve.</body></html> | |