In a production function or a utility function, the ratio at which one argument (input) substitutes for another along an isoquant or indifference curve.
Related information about marginal rate of substitution:
- Marginal rate of substitution - Wikipedia, the free encyclopedia
In economics, the marginal rate of substitution is the rate at which a consumer is ready to give up one good in exchange for another good while maintaining the ...
- Marginal Rate of Substitution Definition | Investopedia
The marginal rate of substitution is calculated between two goods placed on an indifference curve, which displays a frontier of equal utility for each combination ...
- 6. Marginal Rate of Substitution and Marginal Utility - YouTube
Sep 27, 2009 ... In this video, I explain the concepts of Marginal Rate of Substitution (MRS) and Marginal Utility. I then offer a non-calculus-based motivation for ...
- How to Calculate Marginal Rate of Substitution using indifference ...
Sep 8, 2010 ... Tutorial explaining the indifference curves and marginal rate of substitution for microeconomics or managerial economics class.
- Marginal rate of substitution: Definition from Answers.com
Marginal Rate of Substitution The rate at which an individual must give up “good A” in order to obtain one more unit of “good B”,
- Marginal Rate of Substitution - QFINANCE
Sometimes referred to as MRS, the marginal rate of substitution measures the rate at which an individual must give up one asset to obtain a single additional unit ...
- What is marginal rate of substitution? definition and meaning
Definition of marginal rate of substitution: Measure of how much of a commodity a consumer will give up to get one or more units of another commodity, while ...
- The generalized marginal rate of substitution - ScienceDirect
The generalized marginal rate of substitution concept is defined and related to ... In the modern theory of consumer behaviour, the marginal rate of substitution ...