Hindi, asked by crazycusturd, 2 months ago

expand MRS ?



( related to consumer behaviour of theory )​

Answers

Answered by LoveLearning3012
5

Answer:

In economics, the marginal rate of substitution (MRS) is the amount of a good that a consumer is willing to consume in relation to another good, as long as the new good is equally satisfying. It's used in indifference theory to analyze consumer behavior.

Answered by riya15955
2

In economics, the marginal rate of substitution (MRS) is the rate at which a consumer can give up some amount of one good in exchange for another good while maintaining the same level of utility.

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