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Author Question: What is the marginal rate of substitution? (Read 64 times)

Hunchojack2019!!

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on: Oct 12, 2022
What is the marginal rate of substitution?
◦ the rate of substitution between the total utility of any two goods
◦ the amount of one good the consumer is willing to give up in exchange for another so as to keep total expenditure unchanged
◦ the substitution of one good for another as we move along the budget line
◦ the amount of one good the consumer is willing to give up in exchange for another so as to keep total satisfaction unchanged
◦ the rate of substitution between the marginal values of any two goods
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Hunchojack2019!! on Oct 12, 2022

zubair1583

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Hunchojack2019!!

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

bimper21

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Reply 3 on: Yesterday
Excellent

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