If Marginal Rate of Substitution is increasing throughout, the Indifference Curve will be : (choose the correct alternative)
If Marginal Rate of Substitution is increasing throughout, the Indifference Curve will be : (choose the correct alternative)
(i) Downward sloping convex
(ii) Downward sloping concave
(iii) Downward sloping straight line
(iv) Upward sloping convex
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