Question

Marginal rate of substitution is also known as ________. ​

Answer 1

Answer:

Marginal rate of substitution is also known as x,y

Explanation:

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. At equilibrium consumption levels (assuming no externalities), marginal rates of substitution are identical.

Answer 2

Answer:

MRS

Explanation:

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