When indifference curves are bowed inward, the marginal rate of substitution varies at each point on the indifference curve.

Name: When indifference curves are bowed inward, the marginal rate of substitution varies at each point on the indifference curve.
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When indifference curves are bowed inward, it indicates that the marginal rate of substitution (MRS) of one good for another decreases as one moves down along the curve, reflecting varying preferences at different combinations of goods.

When Indifference Curves Are Bowed Inward, the Marginal Rate of Substitution