The marginal rate of substitution (MRS) is a measure of how much of one good an individual is willing to give up in exchange for another good. In other words, it represents the slope of the indifference curve at a given point.
If Victoria's indifference curves are bowed outward, it means that as she moves from right to left along the horizontal axis, the MRS will decrease. This is because as she consumes more of one good, she becomes less willing to give up units of the other good in exchange. The MRS will continue to decrease until it reaches its minimum value at the point where the indifference curve is tangent to the budget line.
It's important to note that the MRS will only decrease if Victoria's indifference curves satisfy the other three properties of indifference curves:
If Victoria's indifference curves do not satisfy these properties, it is not possible to accurately determine the behavior of her MRS as she moves from right to left along the horizontal axis.
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