Convexity of indifference curves implies that consumers are willing to

Convexity of indifference curves implies that consumers are willing to



A) give up more "y" to get an extra "x" the more "x" they have.
B) give up more "y" to get an extra "x" the less "x" they have.
C) settle for less of both "x" and "y".
D) acquire more "x" only if they do not have to give up any "y".


Answer: give up more "y" to get an extra "x" the less "x" they have.



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