Economy, asked by hamanta123, 1 year ago

what is marginal rate of substitution?

Answers

Answered by ankitmeena7

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.

ankitmeena7: koi na

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