Question : If Marginal Rate of Substitution is increasing throughout, the Indifference curve will be:
A. Downward sloping convex.
B. Downward’ sloping concave.
C. Downward sloping straight line.
D. Upward sloping convex.
Answer:B
Question : If Marginal Rate of Substitution is increasing throughout, the Indifference curve will be:
A. Downward sloping convex. B. Downward’ sloping concave. C. Downward sloping straight line. D. Upward sloping convex.