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Economics

Marginal rate of substitution is defined as ________:

A. How many units of one commodity has to forego to get an additional unit of another commodity that give same level
of satisfaction
B. How many units of one commodity has to forego to get an additional unit of another commodity that gives different
levels of satisfaction
C. Both a & b
D. None of the above

CORRECT ANSWER IS: How many units of one commodity has to forego to get an additional unit of another commodity
that give same level of satisfaction

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