Economics 9708 · AS & A Level · Indifference curves and budget lines

Indifference curves and budget lines — practice question

An indifference curve is usually drawn in a convex form. Which economic concept accounts for this convexity?

  • Aallocative efficiency
  • Bdiminishing marginal rate of substitution
  • CPareto optimality
  • Dthe equi-marginal principle

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI