[email protected] is defined as(a) loss of y /receipt of y(b) receipt

1.	[email protected] is defined as(a) loss of y /receipt of y(b) receipt of y /loss of x(c) receipt of x /loss of y(d) loss of x /loss of y
Answer» ANSWER: The marginal RATE of substitution is the rate of exchange between some units of goods X and Y which are EQUALLY preferred. The marginal rate of substitution of X for Y (MRS)xy is the AMOUNT of Y that will be given up for obtaining each additional unit of X.

[email protected] is defined as(a) loss of y /receipt of y(b) receipt of y /loss of x(c) receipt of x /loss of y(d) loss of x /loss of y

Answer»

The marginal RATE of substitution is the rate of exchange between some units of goods X and Y which are EQUALLY preferred. The marginal rate of substitution of X for Y (MRS)xy is the AMOUNT of Y that will be given up for obtaining each additional unit of X.

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[email protected] is defined as(a) loss of y /receipt of y(b) receipt of y /loss of x(c) receipt of x /loss of y(d) loss of x /loss of y​

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[email protected] is defined as(a) loss of y /receipt of y(b) receipt of y /loss of x(c) receipt of x /loss of y(d) loss of x /loss of y