(Answered) 10 explain why an indifference curve is convex to the

Economics

10. Explain why an indifference curve is convex to the origin?

A consumer consumes two goods X and Y. What will happen if MUx/Px is greater than MUy/Py?

Explain the condition of equilibrium of a firm based on marginal cost and marginal revenue.

What is meant by change in supply and change in quantity supplied?

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