Question

explain the marginal rate of subsitution with the help of suitable exaple.

Answer 1

marginal rate of substitute simply States that if we are adding one commodity then how many other commodity we need to sacrifice for it.

marginal means in aspect of 1.

example --> schedule

commodity A --> 10 , 8, 6 , 4, 2, 0
commodity B --> 1 , 2 , 3 , 4 , 5 , 6