Question

MRS between good x and y is determined by the price of these goods in market . Is it correct? ​

Answer 1

Answer:

Yes

Explanation:

The MRS refers to the point at which one good is substitutable for another. If the marginal rate of substitution of X for Y or Y for X is diminishing, the indifference' curve will be convex to the origin.

Answer 2

Answer:

yes

Explanation:

The MRS refers to the point at which one good is substitutal for another.

if the marginal rate of substitution for X for Y or Y Or X ..

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