Home
Class 11
ECONOMICS
Explain the concept of Marginal Rate of ...

Explain the concept of Marginal Rate of Substitution with the help of a schedule.

Answer

Step by step text solution for Explain the concept of Marginal Rate of Substitution with the help of a schedule. by ECONOMICS experts to help you in doubts & scoring excellent marks in Class 11 exams.

Doubtnut Promotions Banner Mobile Dark
|

Topper's Solved these Questions

  • CONSUMERS'S EQUILIBRIUM: INDIFFERENCE CURVE ANALYSIS

    SK AGGARWALA|Exercise Long Answer Question|10 Videos

  • CONSUMERS'S EQUILIBRIUM: INDIFFERENCE CURVE ANALYSIS

    SK AGGARWALA|Exercise Some Important Question|10 Videos

  • CONSUMERS'S EQUILIBRIUM: INDIFFERENCE CURVE ANALYSIS

    SK AGGARWALA|Exercise Short Answer Question-I|12 Videos

  • CONSUMER 'S EQUILIBRIUM : UTILITY ANALYSIS

    SK AGGARWALA|Exercise Value based questions|2 Videos

  • CORRELATION

    SK AGGARWALA|Exercise Numerical Questions|10 Videos

Similar Questions

Explore conceptually related problems

Define Marginal rate of substitution

Explain the concept of Marginal Rate of Substitution and its behaviour along the typical indifference curve. Give a numerical example. Also give reason for its behaviour.

Define marginal rate of substitution .

Explain the concept of marginal cost with the help of a hypothetical schedule and diagram.

Explain the concept of Marginal Rate of Substitution (MRS) by giving an example. Explain its behaving along an indifference curve.

Explain the meaning of diminshing marginal rate of substitution with the help of a numercial example

Explain the meaning of diminishing marginal rate of substitution with the help of a numerical example.

Explain the meaning of diminishing marginal rate of substitution with the help of a numerical example

Explain the concept of 'marginal utility' with the help of a numerical example

Marginal rate of substitution indicates the slope of budget line.

Home
Profile