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In this video you will get the meaning of convex and concave to the origin curves, the difference between the two and the reason why a curve slopes like convex or concave.
Brief introduction to Demand Curve, Indifference Curve, Isoqount Curve, Production Possibility Curve (PPC).
Marginal Rate of Substitution, Diminishing marginal utility, Increasing Marginal opportunity cost.
#economics #demand #demandcurve
#indifferencecurve #isoqountcurve #PPC #productionpossibilitycurve