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Standard XI
Economics
Marginal Rate of Substitution
Match the mos...
Question
Match the most appropriate answers.
A
Convex
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B
Concave
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C
Straight line
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D
Vertical line
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Solution
(i) Decreasing slope means that the curve is convex to the origin.
(ii) Increasing slope indicates that the curve is concave.
(iii) A constant slope implies that the curve is a straight line.
(iv) Infinite slope indicates that the curve is a vertical line.
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