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- 22 Apr
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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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- 27 Oct
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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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- 14 Sep
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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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- 29 Jul
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it is the rate of substituting one commodity on the place of other commodity .
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- 23 Jul
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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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- 05 Jul
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it is a rate at which consumer ready to give up one commodity for another