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What is MRS

Meaning

  • Yamini
  • 6039 Views
  • 15 Answers
  Answer
15 Answers

  • it is a rate at which consumer ready to give up one commodity for another

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  • Margianl rate of substitution

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  • mrs - marginal rate of substitution. mrs is the rate at which consumers give up one amount of commodity in order to purchase another amount of a commodity

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  • marginal rate of substitute

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  • Marginal rate of substitution n indifference curve is based on diminish mrs

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  • marginal rate of substitution

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  • MRS means marginal rate of substitution.. it is a rate at which consumer substitute one commodity for another without changing the level of satisfaction

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  • marginal rate of substitution

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  • thanks yamini for a2a.br /MRS means the marginal rate of substitutionbr /n economics, the strongmarginal rate of substitution/strong (MRS) is the strongrate/strong at which a consumer can give up some amount of one good in exchange for another good while maintaining the same level of utility.br /all the best and happy learning.

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  • it is the rate of substituting one commodity on the place of other commodity .

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  • ratio of gain of one good to sacrifice the other good

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  • MRS means the marginal rate of substitutionbr /n economics, the strongmarginal rate of substitution/strong (MRS) is the strongrate/strong at which a consumer can give up some amount of one good in exchange for another good while maintaining the same level of utility.

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  • marginal rate substitution

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  • MRS refers to marginal rate of substitution.

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  • marginal rate substation

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