Download App

Theory of consumer behaviour — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsTheory of consumer behaviour1 Mark
Question
Why are indifference curves always convex to the origin?
✓

Answer

Indifference curves are always convex to the origin because o the diminishing marginal rate of substitution.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Theory of consumer behaviour→Theory of consumer behaviour — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

What is meant by MU of one rupee?
→
Why MP curve lies above AP curve and eventually cuts AP at its maximum point?
→
Draw a production possibility curve.
→
In what respect do the supply and demand curves in the labour market differ from those in the goods market?
→
What is the shape of AP and MP?
→
What does the area under marginal cost curve show?
→
If the quantity supplied does not change at all as price changes, what will be the elasticity of supply?
→
When does ‘increase’ in supply take place?
→
Define oligopoly.
→
Name the characteristic which makes monopolistic competition different from perfect competition.
→