Indifference curves are convex to the origin (i.e. bow inwards). Using your knowledge of the properties of

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Indifference curves are convex to the origin (i.e. bow inwards). Using your knowledge of the properties of indifference curves, explain why indifference curves cannot be concave to the origin (i.e. bow outwards).

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Economics

ISBN: 9781473768543

5th Edition

Authors: Gregory Mankiw, Mark P. Taylor

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