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Title: What is the marginal rate of substitution? Post by: baileymeredith on Feb 26, 2019 What is the marginal rate of substitution?
• the price ratio • the rate at which the consumer must give up one good to purchase an additional unit of the other goods in the market • the rate at which the consumer is willing to trade one good for another so that she increases her utility • the rate at which the consumer is willing to trade one good for another without any loss in utility Title: What is the marginal rate of substitution? Post by: getdh on Feb 26, 2019 the rate at which the consumer is willing to trade one good for another without any loss in utility
Title: What is the marginal rate of substitution? Post by: baileymeredith on Feb 26, 2019 I appreciate what you did here, answered it correctly :D
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