Economy, asked by palakGG, 1 year ago

What does the MRS means in eco ??

Answers

Answered by brainlystargirl

13

Heya....

====== Answer ======

• The MRS refers to the Marginal Rate of Substitution ....

• It is the rate at which the consumer wants to subsitute a good for the other one on the base of its monotonic Preferences....

• MRS decreases as we move the left to right along with Indifference Curve...

Thank you

Answered by ItzMissRoyalPriyanka

0

Answer:

Heya....

125.0

Answer

. The MRS refers to the Marginal Rate of Substitution....

. It is the rate at which the consumer wants to subsitute a good for the other one on the base of its monotonic Preferences....

• MRS decreases as we move the left to right along with Indifference Curve...

Thank you

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