question archive The amount of a good that a consumer is willing to give up for a unit of another good, without any change in utility is the price ratio marginal benefit marginal rate of substitution (MRS) The slope of the indifference curve is called price ratio marginal benefit marginal rate of substitution (MRS)
The amount of a good that a consumer is willing to give up for a unit of another good, without any change in utility is the price ratio marginal benefit marginal rate of substitution (MRS) The slope of the indifference curve is called price ratio marginal benefit marginal rate of substitution (MRS)
Subject:EconomicsPrice: Bought3
The amount of a good that a consumer is willing to give up for a unit of another good, without any change in utility is the price ratio marginal benefit marginal rate of substitution (MRS) The slope of the indifference curve is called price ratio marginal benefit marginal rate of substitution (MRS)
