Explain why economists believe that indifference curves are convex. Give as many reasons as you can?

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Microeconomics Theory and Applications with Calculus

ISBN: 978-0133019933

3rd edition

Authors: Jeffrey M. Perloff

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Question Posted: Dec 29, 2017 12:44 AM

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Give as many reasons as you can why we believe that indifference curves are convex to the origin.
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Explain why economists believe that indifference curves are convex. Give as many reasons as you can?

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Indifference curves are convex because the rate at which consumers are willing to trade one good for ...View the full answer

Microeconomics Theory and Applications with Calculus

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