Economy, asked by bitopankalita264, 4 months ago

marginal rate of substitution is always negative.Explain with the figure.​

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Answered by Anonymous
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The marginal rate of substitution (MRS) is the slope of the indifference curve. ... For the downward-sloping convex indifference curves which result from well- behaved preferences, the MRS is always negative, and always decreases (becomes greater in absolute value) as the amount of good x decreases.

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