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I have problem in calculating MRS (marginal rate of substitution) from MU(marginal utility). please explain with example ?

1 Answer

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The question ask to explain how to calculate the MRS or Marginal rate of substitution from marginal utility and the best way to compute it is MRSyx=MUx/MUy. I hope you are satisfied with my answer and feel free to ask for more if you have questions and further clarifications.
User Mahendren Mahisha
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