Economy, asked by utpalsonowal9678, 2 months ago

what is marginal rate of substitute? ​

Answers

Answered by gopalkingdaddyram
1

Answer:

In economics, the marginal rate of substitution 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, marginal rates of substitution are identical.

Answered by kmohitvinod
1

Answer:

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