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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1192786
Introduction to Economics 1 Deneme Sınavı Sorusu #1192786
Which term below reveals the marginal rate of substitution of one good for another good?
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The integral of a distribution function. |
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The slope of budget constraint. |
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The slope of an indifference curve. |
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The length of budget constraint. |
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The integral of indifference curve. |
Yanıt Açıklaması:
The marginal rate of substitution (MRS) is defined as the number of units of good Y that must be given up if the consumer, after receiving an extra unit of good X, is to maintain a constant level of satisfaction or utility.
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