When indifference curves are bowed inward, the marginal rate of substitution is

Question

When indifference curves are bowed inward, the marginal rate of substitution is

Answer:

increasing as the consumer moves to the right along an indifference curve.

decreasing as the consumer moves to the right along an indifference curve.

the same at all points along an indifference curve.

constant.

increasing as the consumer moves to the right along an indifference curve.

decreasing as the consumer moves to the right along an indifference curve.

the same at all points along an indifference curve.

constant.

Explanation / Answer

a increasing as the consumer moves to the right along an indifference curve

Reason: He is willing to trade away goods he has in abundance

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