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What is the primary reason why indifference curves are convex go the origin? a. most goods for consumers are imperfect substitutes b. indifference curves never intersect one another

What is the primary reason why indifference curves are convex go the origin? a. most goods for consumers are imperfect substitutes b. indifference curves never intersect one another

Principles of Microeconomics (MindTap Course List)
Principles of Microeconomics (MindTap Course List)
8th Edition
ISBN:9781305971493
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Theory Of Consumer Choice
Section: Chapter Questions
Problem 2CQQ
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What is the primary reason why indifference curves are convex go the origin? a. most goods for consumers are imperfect substitutes b. indifference curves never intersect one another
Transcribed Image Text:What is the primary reason why indifference curves are convex go the origin? a. most goods for consumers are imperfect substitutes b. indifference curves never intersect one another
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