Economy, asked by ismatjahan008, 5 months ago

explain why MRS BETWEEN TWO gooods must equal the ratio of price of the goods for the consumer to achieve maximum satisfaction

Answers

Answered by tanurawat942
0

Explanation:

Explain why an MRS between two goods must equal the ratio of the price of the goods for the consumer to achieve maximum satisfaction. The MRS describes the rate at which the consumer is willing to trade off one good for another to maintain the same level of satisfaction

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