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MICROECONOMICS CH : 4 CONSUMER'S EQUILIBRIUM INDIFFERENCE CURVE ANALYSIS — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 4 CONSUMER'S EQUILIBRIUM INDIFFERENCE CURVE ANALYSIS1 Mark
Question
If IC is convex to the origin, MRS should not be diminishing.
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Answer

False.
If IC is convex to the origin, MRS should be diminishing. Because, the consumer is willing to sacrifice less and less amount of Good-Y for every additional unit of Good-X

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