When indifference curves are bowed inward

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

Answer:

1. Increasing as the consumer moves to the right along an indifference curve.

2. Decreasing as the consumer moves to the right along an indifference curve.

3. The same at all points along an indifference curve.

4. Constant.

Reference no: EM13685952

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