does the principle of diminishing marginal rate of substitution depend on the diminishing marginal utility of X

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does the principle of diminishing marginal rate of substitution depend on the diminishing marginal utility of X and Y?

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Calculus For Scientists And Engineers Early Transcendentals

ISBN: 9780321849212

1st Edition

Authors: William L Briggs, Bernard Gillett, Bill L Briggs, Lyle Cochran

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Posted Date: Mar 06, 2024 11:34 PM

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does the principle of diminishing marginal rate of substitution depend on the diminishing marginal utility of X

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Yes the principle of diminishing marginal rate of substitution MRS is closely related to the concept ... View the full answer

Calculus For Scientists And Engineers Early Transcendentals

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