Q30The marginal rate of substitution is the... a. Rate of substitution between the marginal values of any two goods. b. Rate of substitution between the total utility of any two goods. c. Substitution of one good for another as we move along the budget line. d. Amount of one good the consumer is willing to give up in exchange for another to keep total expenditure unchanged. e. Amount of one good the consumer is willing to give up in exchange for another to remain indifferent.

Q30 The marginal rate of substitution is the... a. Rate of substitution between the marginal values of any two goods. b. Rate of substitution between the total utility of any two goods. c....

Q30

The marginal rate of substitution is the...

Rate of substitution between the marginal values of any two goods.

Rate of substitution between the total utility of any two goods.

Substitution of one good for another as we move along the budget line.

Amount of one good the consumer is willing to give up in exchange for another to keep total expenditure unchanged.

Amount of one good the consumer is willing to give up in exchange for another to remain indifferent.

Jun 09, 2022