Define the MRS with digram

1.	Define the MRS with digram
Answer» How does people missuse thier right<br>\xa0The\xa0Marginal Rate of Substitution can be defined as the\xa0rate\xa0at which a consumer is willing to forgo a number of units good X for one more of good Y at the same utility. The Marginal\xa0Rate of Substitution\xa0is used to analyze the indifference curve.\xa0

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