INTRODUCTION TO ECONOMICS I (İKTİSADA GİRİŞ I) - (İNGİLİZCE) Dersi The Theory of Consumer Choice soru detayı:

PAYLAŞ:

SORU:

What does MRS stand for and what does it mean? Explain briefly.


CEVAP:

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.