What is MRS

Meaning

  • Yamini
  • 22 अप्रैल
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Your Answer

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

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