What is MRS?Explain it with example and digram. Explain the concept of 'Marginal Rate of Substitution' with
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What is MRS?Explain it with example and digram.Explain the concept of 'Marginal Rate of Substitution' with the help of a numerical example. Describe its behaviour along an indifference curve.
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Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders, Marcia Cornett
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