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Question Practice

How is the Marginal Rate of Substitution (MRS) calculated?

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MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Theory Of Consumer Behaviour
Question Bank

How is the Marginal Rate of Su...

Single Answer MCQ
Q-00089330

How is the Marginal Rate of Substitution (MRS) calculated?

1

By dividing the price of one good by the price of another

2

By taking the derivative of the utility function

3

By comparing the increase in one good to the decrease in another

4

By summing the total utility from both goods

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